2024 MAD to RSD Historical Review

YEARLY HIGH

11.3173 RSD

YEARLY LOW

10.6655 RSD

YEARLY AVERAGE

10.8905 RSD

2024 MAD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MAD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 11.3173. Conversely, the yearly low was recorded on March 8, dropping to 10.6655.

This high-to-low spread represents a total annual volatility of 0.6518 RSD. From a start-to-finish perspective, comparing the January average rate of 10.7975 to the December average rate of 11.1506, the exchange rate registered a net change of 3.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 11.3173 was up 2.30% compared to the 2023 peak of 11.0627, 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 56,587 RSD

2023 Average 53,552 RSD

Yearly Trough Low 53,328 RSD

Transaction Impact: A difference of 3,258.91 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

11.1934

10.6802

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 10.8192, compared to 10.9618 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1426 points.

H1 Avg (Jan–Jun) 10.8192

H2 Avg (Jul–Dec) 10.9618

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 0.2737 RSD (High: 10.9609 / Low: 10.6872). On the other end, July was the most stable month, with a tight range of 0.0887 RSD (High: 10.9791 / Low: 10.8904).

January Spread (Volatile) ±0.2737

July Spread (Stable) ±0.0887

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 February and March, when the average rate fell by 0.0722 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0722

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 11.1506) against the same month in 2023 (average: 10.6898), the exchange rate shifted by +0.4608 (+4.31%).

2024 Avg (December) 11.1506

2023 Avg (December) 10.6898

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.9609	10.6872	10.7975
February	10.8825	10.6879	10.7951
March	10.7869	10.6655	10.7230
April	10.9804	10.7149	10.8225
May	10.9189	10.7661	10.8464
June	11.0362	10.7690	10.9310
July	10.9791	10.8904	10.9399
August	10.9465	10.8270	10.8840
September	10.8935	10.7867	10.8317
October	10.9809	10.8381	10.9046
November	11.1699	10.9044	11.0600
December	11.3173	11.0648	11.1506