2023 GNF to RSD Historical Review

YEARLY HIGH

0.0130 RSD

YEARLY LOW

0.0121 RSD

YEARLY AVERAGE

0.0126 RSD

2023 GNF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 6, valuing the pair at 0.0130. Conversely, the yearly low was recorded on July 18, dropping to 0.0121.

This high-to-low spread represents a total annual volatility of 0.0009 RSD. From a start-to-finish perspective, comparing the January average rate of 0.0126 to the December average rate of 0.0125, the exchange rate registered a net change of -0.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0130 was down 7.40% compared to the 2022 peak of 0.0141, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 65 RSD

2022 Average 63 RSD

Yearly Trough Low 61 RSD

Transaction Impact: A difference of 4.68 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0130

0.0123

JanuMarcMayJulySeptNove

GNF 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 0.0126, compared to 0.0126 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0126

H2 Avg (Jul–Dec) 0.0126

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0005 RSD (High: 0.0128 / Low: 0.0123). On the other end, April was the most stable month, with a tight range of 0.0003 RSD (High: 0.0126 / Low: 0.0123).

January Spread (Volatile) ±0.0005

April Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0003 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0129) against the same month in 2022 (average: 0.0137), the exchange rate shifted by -0.0008 (-6.05%).

2023 Avg (October) 0.0129

2022 Avg (October) 0.0137

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0128	0.0123	0.0126
February	0.0129	0.0124	0.0127
March	0.0128	0.0125	0.0127
April	0.0126	0.0123	0.0124
May	0.0127	0.0123	0.0125
June	0.0127	0.0124	0.0125
July	0.0126	0.0121	0.0123
August	0.0126	0.0123	0.0125
September	0.0130	0.0126	0.0128
October	0.0130	0.0127	0.0129
November	0.0129	0.0124	0.0126
December	0.0127	0.0123	0.0125