2023 MMK to RSD Historical Review

YEARLY HIGH

0.0533 RSD

YEARLY LOW

0.0497 RSD

YEARLY AVERAGE

0.0516 RSD

2023 MMK to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MMK to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 6, valuing the pair at 0.0533. Conversely, the yearly low was recorded on July 17, dropping to 0.0497.

This high-to-low spread represents a total annual volatility of 0.0037 RSD. From a start-to-finish perspective, comparing the January average rate of 0.0518 to the December average rate of 0.0511, the exchange rate registered a net change of -1.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0533 was down 15.69% compared to the 2022 peak of 0.0633, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 267 RSD

2022 Average 290 RSD

Yearly Trough Low 248 RSD

Transaction Impact: A difference of 18.29 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0531

0.0503

JanuMarcMayJulySeptNove

MMK 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 0.0517, compared to 0.0516 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0517

H2 Avg (Jul–Dec) 0.0516

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0022 RSD (High: 0.0530 / Low: 0.0508). On the other end, October was the most stable month, with a tight range of 0.0010 RSD (High: 0.0533 / Low: 0.0523).

February Spread (Volatile) ±0.0022

October Spread (Stable) ±0.0010

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 March and April, when the average rate fell by 0.0013 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0529) against the same month in 2022 (average: 0.0568), the exchange rate shifted by -0.0039 (-6.91%).

2023 Avg (October) 0.0529

2022 Avg (October) 0.0568

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0531	0.0512	0.0518
February	0.0530	0.0508	0.0522
March	0.0530	0.0512	0.0522
April	0.0516	0.0505	0.0510
May	0.0522	0.0504	0.0514
June	0.0522	0.0508	0.0515
July	0.0515	0.0497	0.0505
August	0.0517	0.0507	0.0512
September	0.0531	0.0517	0.0523
October	0.0533	0.0523	0.0529
November	0.0527	0.0508	0.0517
December	0.0518	0.0501	0.0511