YEARLY HIGH
1.0753 RSD
YEARLY LOW
1.0282 RSD
YEARLY AVERAGE
1.0624 RSD

2021 CVE to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the CVE to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 11, valuing the pair at 1.0753. Conversely, the yearly low was recorded on June 28, dropping to 1.0282.

This high-to-low spread represents a total annual volatility of 0.0471 RSD. From a start-to-finish perspective, comparing the January average rate of 1.0639 to the December average rate of 1.0614, the exchange rate registered a net change of -0.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.0753 was down 0.84% compared to the 2020 peak of 1.0844, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,376 RSD
2020 Average 5,302 RSD
Yearly Trough Low 5,141 RSD
Transaction Impact: A difference of 235.50 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.0655
1.0603
JanuMarcMayJulySeptNove

CVE 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 1.0621, compared to 1.0628 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 1.0621
H2 Avg (Jul–Dec) 1.0628

Volatility Range Comparison

Volatility

The most volatile month in 2021 was June, with a trading range of 0.0449 RSD (High: 1.0731 / Low: 1.0282). On the other end, October was the most stable month, with a tight range of 0.0061 RSD (High: 1.0657 / Low: 1.0596).

June Spread (Volatile) ±0.0449
October Spread (Stable) ±0.0061

Growth Streaks & Declines

Trends

Between June and August, 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 November and December, when the average rate fell by 0.0028 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 1.0642) against the same month in 2020 (average: 1.0612), the exchange rate shifted by +0.0030 (+0.28%).

2021 Avg (November) 1.0642
2020 Avg (November) 1.0612

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.0703 1.0559 1.0639
February 1.0665 1.0572 1.0621
March 1.0646 1.0564 1.0613
April 1.0679 1.0566 1.0626
May 1.0653 1.0548 1.0617
June 1.0731 1.0282 1.0608
July 1.0651 1.0548 1.0610
August 1.0702 1.0600 1.0651
September 1.0663 1.0580 1.0632
October 1.0657 1.0596 1.0621
November 1.0753 1.0519 1.0642
December 1.0646 1.0577 1.0614