2023 ILS to RSD Historical Review

YEARLY HIGH

32.1875 RSD

YEARLY LOW

27.0208 RSD

YEARLY AVERAGE

29.4556 RSD

2023 ILS to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 18, valuing the pair at 32.1875. Conversely, the yearly low was recorded on October 23, dropping to 27.0208.

This high-to-low spread represents a total annual volatility of 5.1667 RSD. From a start-to-finish perspective, comparing the January average rate of 31.5977 to the December average rate of 29.2950, the exchange rate registered a net change of -7.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 32.1875 was down 11.06% compared to the 2022 peak of 36.1892, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 160,938 RSD

2022 Average 166,282 RSD

Yearly Trough Low 135,104 RSD

Transaction Impact: A difference of 25,833.66 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

31.9666

27.5394

JanuMarcMayJulySeptNove

ILS 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 30.2245, compared to 28.6867 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.5377 points.

H1 Avg (Jan–Jun) 30.2245

H2 Avg (Jul–Dec) 28.6867

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 2.1088 RSD (High: 29.1296 / Low: 27.0208). On the other end, December was the most stable month, with a tight range of 0.5889 RSD (High: 29.5418 / Low: 28.9529).

October Spread (Volatile) ±2.1088

December Spread (Stable) ±0.5889

Growth Streaks & Declines

Trends

Between October and December, 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 September and October, when the average rate fell by 0.8757 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.8757

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 31.5977) against the same month in 2022 (average: 33.1149), the exchange rate shifted by -1.5172 (-4.58%).

2023 Avg (January) 31.5977

2022 Avg (January) 33.1149

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.1875	31.0904	31.5977
February	31.8052	30.1453	30.9464
March	31.0313	29.7607	30.2834
April	30.0552	28.8272	29.4137
May	29.8654	29.1120	29.4047
June	30.5239	28.9523	29.7009
July	29.2099	28.5439	28.9203
August	29.3027	28.3422	28.7098
September	29.1528	28.4577	28.7840
October	29.1296	27.0208	27.9083
November	29.0269	27.5757	28.5029
December	29.5418	28.9529	29.2950