2023 HKD to RSD Historical Review

YEARLY HIGH

14.3031 RSD

YEARLY LOW

13.3449 RSD

YEARLY AVERAGE

13.8473 RSD

2023 HKD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 14.3031. Conversely, the yearly low was recorded on July 17, dropping to 13.3449.

This high-to-low spread represents a total annual volatility of 0.9582 RSD. From a start-to-finish perspective, comparing the January average rate of 13.9146 to the December average rate of 13.7442, the exchange rate registered a net change of -1.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.3031 was down 8.20% compared to the 2022 peak of 15.5800, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 357,578 RSD

2022 Average 356,566 RSD

Yearly Trough Low 333,624 RSD

Transaction Impact: A difference of 23,954.29 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.2453

13.4999

JanuMarcMayJulySeptNove

HKD 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 13.8387, compared to 13.8559 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0172 points.

H1 Avg (Jan–Jun) 13.8387

H2 Avg (Jul–Dec) 13.8559

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.5741 RSD (High: 14.1731 / Low: 13.5990). On the other end, August was the most stable month, with a tight range of 0.2165 RSD (High: 13.8520 / Low: 13.6355).

February Spread (Volatile) ±0.5741

August Spread (Stable) ±0.2165

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: 14.1832) against the same month in 2022 (average: 15.1929), the exchange rate shifted by -1.0097 (-6.65%).

2023 Avg (October) 14.1832

2022 Avg (October) 15.1929

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.2750	13.7294	13.9146
February	14.1731	13.5990	13.9728
March	14.1679	13.7055	13.9486
April	13.7854	13.4484	13.6195
May	14.0009	13.4887	13.7716
June	13.9718	13.6314	13.8047
July	13.8088	13.3449	13.5620
August	13.8520	13.6355	13.7350
September	14.2751	13.8684	14.0297
October	14.3031	14.0348	14.1832
November	14.1507	13.6739	13.8812
December	13.9449	13.5059	13.7442