2023 ISK to RSD Historical Review

YEARLY HIGH

0.8254 RSD

YEARLY LOW

0.7472 RSD

YEARLY AVERAGE

0.7865 RSD

2023 ISK to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 31, valuing the pair at 0.8254. Conversely, the yearly low was recorded on January 25, dropping to 0.7472.

This high-to-low spread represents a total annual volatility of 0.0781 RSD. From a start-to-finish perspective, comparing the January average rate of 0.7615 to the December average rate of 0.7786, the exchange rate registered a net change of 2.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8254 was down 4.22% compared to the 2022 peak of 0.8617, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,127 RSD

2022 Average 4,130 RSD

Yearly Trough Low 3,736 RSD

Transaction Impact: A difference of 390.68 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8208

0.7561

JanuMarcMayJulySeptNove

ISK 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 0.7762, compared to 0.7968 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0205 points.

H1 Avg (Jan–Jun) 0.7762

H2 Avg (Jul–Dec) 0.7968

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0332 RSD (High: 0.7934 / Low: 0.7602). On the other end, December was the most stable month, with a tight range of 0.0092 RSD (High: 0.7810 / Low: 0.7718).

November Spread (Volatile) ±0.0332

December Spread (Stable) ±0.0092

Growth Streaks & Declines

Trends

Between January and April, 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 October and November, when the average rate fell by 0.0260 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0260

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.8154) against the same month in 2022 (average: 0.8363), the exchange rate shifted by -0.0209 (-2.50%).

2023 Avg (August) 0.8154

2022 Avg (August) 0.8363

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7734	0.7472	0.7615
February	0.7762	0.7585	0.7664
March	0.7921	0.7736	0.7825
April	0.7879	0.7765	0.7832
May	0.7878	0.7731	0.7795
June	0.7931	0.7751	0.7844
July	0.8128	0.7851	0.7990
August	0.8254	0.8079	0.8154
September	0.8246	0.8054	0.8118
October	0.8135	0.7943	0.8008
November	0.7934	0.7602	0.7748
December	0.7810	0.7718	0.7786