YEARLY HIGH
7.2246 RSD
YEARLY LOW
6.2084 RSD
YEARLY AVERAGE
6.7297 RSD

2021 ZAR to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the ZAR to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 6, valuing the pair at 7.2246. Conversely, the yearly low was recorded on January 7, dropping to 6.2084.

This high-to-low spread represents a total annual volatility of 1.0162 RSD. From a start-to-finish perspective, comparing the January average rate of 6.4033 to the December average rate of 6.5510, the exchange rate registered a net change of 2.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 7.2246 was down 3.43% compared to the 2020 peak of 7.4810, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 361,230 RSD
2020 Average 314,811 RSD
Yearly Trough Low 310,419 RSD
Transaction Impact: A difference of 50,811.45 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

7.0706
6.3426
JanuMarcMayJulySeptNove

ZAR 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 6.7181, compared to 6.7412 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0231 points.

H1 Avg (Jan–Jun) 6.7181
H2 Avg (Jul–Dec) 6.7412

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.4228 RSD (High: 6.8042 / Low: 6.3814). On the other end, April was the most stable month, with a tight range of 0.2246 RSD (High: 6.9357 / Low: 6.7111).

November Spread (Volatile) ±0.4228
April Spread (Stable) ±0.2246

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.1796 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.1796

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 7.0100) against the same month in 2020 (average: 6.1026), the exchange rate shifted by +0.9074 (+14.87%).

2021 Avg (June) 7.0100
2020 Avg (June) 6.1026

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 6.5680 6.2084 6.4033
February 6.7094 6.4217 6.5858
March 6.7755 6.3806 6.5944
April 6.9357 6.7111 6.8246
May 7.0312 6.7141 6.8906
June 7.2246 6.8637 7.0100
July 6.9820 6.7274 6.8518
August 6.9077 6.5604 6.7534
September 7.0580 6.6483 6.8496
October 7.0124 6.6191 6.8105
November 6.8042 6.3814 6.6310
December 6.6786 6.4441 6.5510