2023 JPY to RSD Historical Review

YEARLY HIGH

0.8474 RSD

YEARLY LOW

0.7138 RSD

YEARLY AVERAGE

0.7734 RSD

2023 JPY to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JPY to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.8474. Conversely, the yearly low was recorded on November 15, dropping to 0.7138.

This high-to-low spread represents a total annual volatility of 0.1337 RSD. From a start-to-finish perspective, comparing the January average rate of 0.8359 to the December average rate of 0.7472, the exchange rate registered a net change of -10.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8474 was down 9.71% compared to the 2022 peak of 0.9386, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 JPY based on timing:

Yearly Peak High 423,718 RSD

2022 Average 426,159 RSD

Yearly Trough Low 356,888 RSD

Transaction Impact: A difference of 66,830.09 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8472

0.7121

JanuMarcMayJulySeptNove

JPY 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 0.8052, compared to 0.7416 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0636 points.

H1 Avg (Jan–Jun) 0.8052

H2 Avg (Jul–Dec) 0.7416

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0473 RSD (High: 0.8213 / Low: 0.7739). On the other end, September was the most stable month, with a tight range of 0.0080 RSD (High: 0.7479 / Low: 0.7399).

April Spread (Volatile) ±0.0473

September Spread (Stable) ±0.0080

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0213 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0213

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.8359) against the same month in 2022 (average: 0.9043), the exchange rate shifted by -0.0683 (-7.56%).

2023 Avg (January) 0.8359

2022 Avg (January) 0.9043

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8474	0.8265	0.8359
February	0.8362	0.8107	0.8233
March	0.8342	0.8067	0.8196
April	0.8213	0.7739	0.8005
May	0.7989	0.7742	0.7865
June	0.7854	0.7435	0.7652
July	0.7687	0.7426	0.7511
August	0.7513	0.7345	0.7424
September	0.7479	0.7399	0.7432
October	0.7510	0.7321	0.7421
November	0.7351	0.7138	0.7234
December	0.7568	0.7330	0.7472