2023 EUR to RSD Historical Review

YEARLY HIGH

119.3212 RSD

YEARLY LOW

116.2297 RSD

YEARLY AVERAGE

117.3092 RSD

2023 EUR to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EUR to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 119.3212. Conversely, the yearly low was recorded on March 19, dropping to 116.2297.

This high-to-low spread represents a total annual volatility of 3.0915 RSD. From a start-to-finish perspective, comparing the January average rate of 117.3770 to the December average rate of 117.2371, the exchange rate registered a net change of -0.12% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 119.3212 was up 0.60% compared to the 2022 peak of 118.6051, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 EUR based on timing:

Yearly Peak High 596,606 RSD

2022 Average 587,253 RSD

Yearly Trough Low 581,149 RSD

Transaction Impact: A difference of 15,457.57 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

117.5001

117.2055

JanuMarcMayJulySeptNove

EUR to RSD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 117.3579, compared to 117.2605 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0975 points.

H1 Avg (Jan–Jun) 117.3579

H2 Avg (Jul–Dec) 117.2605

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 2.6900 RSD (High: 119.3212 / Low: 116.6312). On the other end, August was the most stable month, with a tight range of 0.3434 RSD (High: 117.4267 / Low: 117.0833).

May Spread (Volatile) ±2.6900

August Spread (Stable) ±0.3434

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.1698 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1698

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 117.4134) against the same month in 2022 (average: 117.5079), the exchange rate shifted by -0.0945 (-0.08%).

2023 Avg (May) 117.4134

2022 Avg (May) 117.5079

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	117.5942	117.1155	117.3770
February	117.7559	116.9745	117.3360
March	118.2626	116.2297	117.3020
April	118.4609	116.2382	117.4756
May	119.3212	116.6312	117.4134
June	117.5154	116.9633	117.2436
July	117.4550	117.1069	117.2300
August	117.4267	117.0833	117.2777
September	117.4959	117.0501	117.3035
October	118.1126	116.8896	117.2649
November	118.8720	116.8842	117.2497
December	117.5742	117.0343	117.2371