2023 FJD to RSD Historical Review

YEARLY HIGH

50.4592 RSD

YEARLY LOW

46.9198 RSD

YEARLY AVERAGE

48.6310 RSD

2023 FJD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 50.4592. Conversely, the yearly low was recorded on November 19, dropping to 46.9198.

This high-to-low spread represents a total annual volatility of 3.5394 RSD. From a start-to-finish perspective, comparing the January average rate of 49.9595 to the December average rate of 48.4501, the exchange rate registered a net change of -3.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 50.4592 was down 6.60% compared to the 2022 peak of 54.0263, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 252,296 RSD

2022 Average 255,047 RSD

Yearly Trough Low 234,599 RSD

Transaction Impact: A difference of 17,696.79 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

50.2062

47.4176

JanuMarcMayJulySeptNove

FJD 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 49.1146, compared to 48.1474 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9672 points.

H1 Avg (Jan–Jun) 49.1146

H2 Avg (Jul–Dec) 48.1474

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.6843 RSD (High: 48.6041 / Low: 46.9198). On the other end, December was the most stable month, with a tight range of 0.5126 RSD (High: 48.6555 / Low: 48.1429).

November Spread (Volatile) ±1.6843

December Spread (Stable) ±0.5126

Growth Streaks & Declines

Trends

Between April and June, 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 March and April, when the average rate fell by 1.0537 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.0537

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 49.9595) against the same month in 2022 (average: 48.7519), the exchange rate shifted by +1.2076 (+2.48%).

2023 Avg (January) 49.9595

2022 Avg (January) 48.7519

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	50.4592	49.2923	49.9595
February	50.2875	49.2077	49.9738
March	49.9943	48.7682	49.3594
April	48.9526	47.3954	48.3058
May	48.9749	47.4202	48.5094
June	49.1330	47.4643	48.5795
July	48.5159	47.0677	47.8009
August	48.0467	46.9297	47.6500
September	48.9722	48.0754	48.3724
October	49.1630	48.1055	48.6495
November	48.6041	46.9198	47.9615
December	48.6555	48.1429	48.4501