2023 JOD to RSD Historical Review

YEARLY HIGH

157.9241 RSD

YEARLY LOW

147.0070 RSD

YEARLY AVERAGE

152.8615 RSD

2023 JOD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JOD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 157.9241. Conversely, the yearly low was recorded on July 17, dropping to 147.0070.

This high-to-low spread represents a total annual volatility of 10.9170 RSD. From a start-to-finish perspective, comparing the January average rate of 153.3843 to the December average rate of 151.2985, the exchange rate registered a net change of -1.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 157.9241 was down 8.45% compared to the 2022 peak of 172.5000, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 789,620 RSD

2022 Average 787,630 RSD

Yearly Trough Low 735,035 RSD

Transaction Impact: A difference of 54,585.16 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

157.1398

148.7975

JanuMarcMayJulySeptNove

JOD 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 152.9130, compared to 152.8100 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1030 points.

H1 Avg (Jan–Jun) 152.9130

H2 Avg (Jul–Dec) 152.8100

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 6.5476 RSD (High: 156.8241 / Low: 150.2765). On the other end, August was the most stable month, with a tight range of 3.0105 RSD (High: 153.4138 / Low: 150.4032).

February Spread (Volatile) ±6.5476

August Spread (Stable) ±3.0105

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 3.6721 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -3.6721

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 156.4446) against the same month in 2022 (average: 168.1919), the exchange rate shifted by -11.7473 (-6.98%).

2023 Avg (October) 156.4446

2022 Avg (October) 168.1919

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	157.2536	151.5524	153.3843
February	156.8241	150.2765	154.5427
March	156.7709	151.6598	154.3079
April	152.5385	148.8134	150.7036
May	154.5830	149.1902	152.1257
June	154.4979	150.4229	152.4139
July	152.2532	147.0070	149.4926
August	153.4138	150.4032	151.8332
September	157.3006	153.4698	155.0188
October	157.9241	154.8118	156.4446
November	156.0375	150.1848	152.7725
December	153.4710	148.6443	151.2985