2022 MAD to RSD Historical Review

YEARLY HIGH

11.4658 RSD

YEARLY LOW

10.4721 RSD

YEARLY AVERAGE

10.9996 RSD

2022 MAD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the MAD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 11, valuing the pair at 11.4658. Conversely, the yearly low was recorded on November 11, dropping to 10.4721.

This high-to-low spread represents a total annual volatility of 0.9937 RSD. From a start-to-finish perspective, comparing the January average rate of 11.1785 to the December average rate of 10.5326, the exchange rate registered a net change of -5.78% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 11.4658 was up 1.14% compared to the 2021 peak of 11.3361, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 57,329 RSD

2021 Average 55,304 RSD

Yearly Trough Low 52,360 RSD

Transaction Impact: A difference of 4,968.74 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

11.3233

10.4607

JanuMarcMayJulySeptNove

MAD 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 11.0873, compared to 10.9119 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1754 points.

H1 Avg (Jan–Jun) 11.0873

H2 Avg (Jul–Dec) 10.9119

Volatility Range Comparison

Volatility

The most volatile month in 2022 was July, with a trading range of 0.4515 RSD (High: 11.4658 / Low: 11.0143). On the other end, December was the most stable month, with a tight range of 0.1212 RSD (High: 10.6053 / Low: 10.4842).

July Spread (Volatile) ±0.4515

December Spread (Stable) ±0.1212

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.2420 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2420

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2022: 11.2514) against the same month in 2021 (average: 11.1157), the exchange rate shifted by +0.1357 (+1.22%).

2022 Avg (July) 11.2514

2021 Avg (July) 11.1157

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.2369	11.0812	11.1785
February	11.1274	10.9808	11.0407
March	11.1156	10.7470	10.9851
April	11.2070	10.9633	11.0855
May	11.2028	10.9857	11.1105
June	11.2649	10.9771	11.1236
July	11.4658	11.0143	11.2514
August	11.2734	11.0366	11.1382
September	11.2362	10.8090	11.0226
October	11.0040	10.7387	10.8844
November	10.9195	10.4721	10.6424
December	10.6053	10.4842	10.5326