2023 GTQ to RSD Historical Review

YEARLY HIGH

14.2748 RSD

YEARLY LOW

13.2922 RSD

YEARLY AVERAGE

13.8467 RSD

2023 GTQ to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GTQ to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 6, valuing the pair at 14.2748. Conversely, the yearly low was recorded on July 17, dropping to 13.2922.

This high-to-low spread represents a total annual volatility of 0.9826 RSD. From a start-to-finish perspective, comparing the January average rate of 13.8649 to the December average rate of 13.7044, the exchange rate registered a net change of -1.16% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.2748 was down 8.43% compared to the 2022 peak of 15.5892, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 71,374 RSD

2022 Average 72,046 RSD

Yearly Trough Low 66,461 RSD

Transaction Impact: A difference of 4,913.06 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.2209

13.4630

JanuMarcMayJulySeptNove

GTQ 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 13.8788, compared to 13.8147 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0641 points.

H1 Avg (Jan–Jun) 13.8788

H2 Avg (Jul–Dec) 13.8147

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.6693 RSD (High: 14.2509 / Low: 13.5815). On the other end, October was the most stable month, with a tight range of 0.2635 RSD (High: 14.2748 / Low: 14.0113).

February Spread (Volatile) ±0.6693

October Spread (Stable) ±0.2635

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 March and April, when the average rate fell by 0.3291 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3291

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 14.1578) against the same month in 2022 (average: 15.1701), the exchange rate shifted by -1.0124 (-6.67%).

2023 Avg (October) 14.1578

2022 Avg (October) 15.1701

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.2061	13.7034	13.8649
February	14.2509	13.5815	13.9993
March	14.2509	13.8005	14.0519
April	13.9041	13.6002	13.7228
May	14.0291	13.5618	13.8318
June	13.9986	13.6124	13.8019
July	13.7806	13.2922	13.5262
August	13.8325	13.5416	13.6826
September	14.1899	13.7899	13.9637
October	14.2748	14.0113	14.1578
November	14.1266	13.6188	13.8534
December	13.9079	13.4623	13.7044