2023 HTG to RSD Historical Review

YEARLY HIGH

0.8357 RSD

YEARLY LOW

0.6822 RSD

YEARLY AVERAGE

0.7679 RSD

2023 HTG to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HTG to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.8357. Conversely, the yearly low was recorded on April 26, dropping to 0.6822.

This high-to-low spread represents a total annual volatility of 0.1535 RSD. From a start-to-finish perspective, comparing the January average rate of 0.7331 to the December average rate of 0.8117, the exchange rate registered a net change of 10.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8357 was down 20.80% compared to the 2022 peak of 1.0552, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,178 RSD

2022 Average 4,794 RSD

Yearly Trough Low 3,411 RSD

Transaction Impact: A difference of 767.25 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8424

0.6756

JanuMarcMayJulySeptNove

HTG 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 0.7308, compared to 0.8050 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0742 points.

H1 Avg (Jan–Jun) 0.7308

H2 Avg (Jul–Dec) 0.8050

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0953 RSD (High: 0.7835 / Low: 0.6882). On the other end, April was the most stable month, with a tight range of 0.0174 RSD (High: 0.6996 / Low: 0.6822).

May Spread (Volatile) ±0.0953

April Spread (Stable) ±0.0174

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 0.0235 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0235

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.8285) against the same month in 2022 (average: 0.9591), the exchange rate shifted by -0.1306 (-13.62%).

2023 Avg (October) 0.8285

2022 Avg (October) 0.9591

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7558	0.7222	0.7331
February	0.7454	0.7146	0.7301
March	0.7329	0.6940	0.7130
April	0.6996	0.6822	0.6895
May	0.7835	0.6882	0.7430
June	0.7878	0.7672	0.7763
July	0.7803	0.7504	0.7699
August	0.8016	0.7800	0.7898
September	0.8251	0.8017	0.8121
October	0.8357	0.8150	0.8285
November	0.8345	0.8057	0.8178
December	0.8232	0.7985	0.8117