2023 JMD to RSD Historical Review

YEARLY HIGH

0.7368 RSD

YEARLY LOW

0.6746 RSD

YEARLY AVERAGE

0.7037 RSD

2023 JMD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 0.7368. Conversely, the yearly low was recorded on July 17, dropping to 0.6746.

This high-to-low spread represents a total annual volatility of 0.0622 RSD. From a start-to-finish perspective, comparing the January average rate of 0.7118 to the December average rate of 0.6911, the exchange rate registered a net change of -2.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7368 was down 8.54% compared to the 2022 peak of 0.8056, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,684 RSD

2022 Average 3,642 RSD

Yearly Trough Low 3,373 RSD

Transaction Impact: A difference of 310.96 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7241

0.6840

JanuMarcMayJulySeptNove

JMD 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 0.7077, compared to 0.6997 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0080 points.

H1 Avg (Jan–Jun) 0.7077

H2 Avg (Jul–Dec) 0.6997

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0387 RSD (High: 0.7368 / Low: 0.6980). On the other end, October was the most stable month, with a tight range of 0.0132 RSD (High: 0.7233 / Low: 0.7101).

January Spread (Volatile) ±0.0387

October Spread (Stable) ±0.0132

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 October and November, when the average rate fell by 0.0186 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0186

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.7118) against the same month in 2022 (average: 0.6702), the exchange rate shifted by +0.0417 (+6.22%).

2023 Avg (January) 0.7118

2022 Avg (January) 0.6702

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7368	0.6980	0.7118
February	0.7216	0.6955	0.7108
March	0.7277	0.7118	0.7207
April	0.7183	0.6912	0.7027
May	0.7103	0.6874	0.7004
June	0.7079	0.6926	0.6999
July	0.7022	0.6746	0.6873
August	0.7053	0.6882	0.6953
September	0.7214	0.7036	0.7108
October	0.7233	0.7101	0.7163
November	0.7141	0.6868	0.6976
December	0.7002	0.6806	0.6911