2023 MOP to RSD Historical Review

YEARLY HIGH

13.8846 RSD

YEARLY LOW

12.9608 RSD

YEARLY AVERAGE

13.4493 RSD

2023 MOP to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MOP to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 13.8846. Conversely, the yearly low was recorded on July 17, dropping to 12.9608.

This high-to-low spread represents a total annual volatility of 0.9238 RSD. From a start-to-finish perspective, comparing the January average rate of 13.5102 to the December average rate of 13.3281, the exchange rate registered a net change of -1.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.8846 was down 8.19% compared to the 2022 peak of 15.1239, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 69,423 RSD

2022 Average 69,238 RSD

Yearly Trough Low 64,804 RSD

Transaction Impact: A difference of 4,619.21 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.8380

13.1226

JanuMarcMayJulySeptNove

MOP 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 13.4414, compared to 13.4571 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0157 points.

H1 Avg (Jan–Jun) 13.4414

H2 Avg (Jul–Dec) 13.4571

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.5695 RSD (High: 13.7681 / Low: 13.1986). On the other end, August was the most stable month, with a tight range of 0.2117 RSD (High: 13.4477 / Low: 13.2360).

February Spread (Volatile) ±0.5695

August Spread (Stable) ±0.2117

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 0.3263 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.3263

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 13.7784) against the same month in 2022 (average: 14.7535), the exchange rate shifted by -0.9751 (-6.61%).

2023 Avg (October) 13.7784

2022 Avg (October) 14.7535

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.8611	13.3257	13.5102
February	13.7681	13.1986	13.5647
March	13.7589	13.3053	13.5617
April	13.4134	13.1209	13.2354
May	13.5930	13.0940	13.3727
June	13.5776	13.2326	13.4039
July	13.4062	12.9608	13.1822
August	13.4477	13.2360	13.3380
September	13.8491	13.4570	13.6240
October	13.8846	13.6269	13.7784
November	13.7447	13.2814	13.4920
December	13.5276	13.0806	13.3281