2023 IDR to RSD Historical Review

YEARLY HIGH

0.0074 RSD

YEARLY LOW

0.0068 RSD

YEARLY AVERAGE

0.0071 RSD

2023 IDR to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IDR to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 5, valuing the pair at 0.0074. Conversely, the yearly low was recorded on December 28, dropping to 0.0068.

This high-to-low spread represents a total annual volatility of 0.0005 RSD. From a start-to-finish perspective, comparing the January average rate of 0.0071 to the December average rate of 0.0069, the exchange rate registered a net change of -2.90% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0074 was down 8.63% compared to the 2022 peak of 0.0081, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 10,000,000 IDR based on timing:

Yearly Peak High 73,659 RSD

2022 Average 75,214 RSD

Yearly Trough Low 68,464 RSD

Transaction Impact: A difference of 5,194.53 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0073

0.0069

JanuMarcMayJulySeptNove

IDR 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 0.0072, compared to 0.0070 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0072

H2 Avg (Jul–Dec) 0.0070

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.0003 RSD (High: 0.0072 / Low: 0.0069). On the other end, September was the most stable month, with a tight range of 0.0001 RSD (High: 0.0072 / Low: 0.0071).

October Spread (Volatile) ±0.0003

September Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between March and May, 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 June and July, when the average rate fell by 0.0002 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0072) against the same month in 2022 (average: 0.0076), the exchange rate shifted by -0.0003 (-4.28%).

2023 Avg (June) 0.0072

2022 Avg (June) 0.0076

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0072	0.0070	0.0071
February	0.0073	0.0072	0.0072
March	0.0072	0.0071	0.0072
April	0.0073	0.0071	0.0072
May	0.0073	0.0072	0.0073
June	0.0074	0.0071	0.0072
July	0.0072	0.0070	0.0070
August	0.0071	0.0070	0.0070
September	0.0072	0.0071	0.0071
October	0.0072	0.0069	0.0070
November	0.0071	0.0069	0.0070
December	0.0070	0.0068	0.0069