YEARLY HIGH
11.3361 RSD
YEARLY LOW
10.7818 RSD
YEARLY AVERAGE
11.0596 RSD

2021 MAD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the MAD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 11.3361. Conversely, the yearly low was recorded on January 3, dropping to 10.7818.

This high-to-low spread represents a total annual volatility of 0.5544 RSD. From a start-to-finish perspective, comparing the January average rate of 10.8678 to the December average rate of 11.2382, the exchange rate registered a net change of 3.41% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 11.3361 was up 1.11% compared to the 2020 peak of 11.2113, 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 56,681 RSD
2020 Average 54,315 RSD
Yearly Trough Low 53,909 RSD
Transaction Impact: A difference of 2,771.79 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

11.2962
10.8288
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: JanтАУJun) was 10.9414, compared to 11.1777 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.2363 points.

H1 Avg (JanтАУJun) 10.9414
H2 Avg (JulтАУDec) 11.1777

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.2127 RSD (High: 11.0879 / Low: 10.8752). On the other end, October was the most stable month, with a tight range of 0.0699 RSD (High: 11.2220 / Low: 11.1520).

April Spread (Volatile) ┬▒0.2127
October Spread (Stable) ┬▒0.0699

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0552 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0552

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 11.2572) against the same month in 2020 (average: 10.8684), the exchange rate shifted by +0.3889 (+3.58%).

2021 Avg (November) 11.2572
2020 Avg (November) 10.8684

рдорд╛рд╕рд┐рдХ рд╡рд┐рд╢реНрд▓реЗрд╖рдг

рдкреНрд░рддреНрдпреЗрдХ рдХреЕрд▓реЗрдВрдбрд░ рдорд╣рд┐рдиреНрдпрд╛рд╕рд╛рдареА рд╕рд╛рдВрдЦреНрдпрд┐рдХреАрдп рд╕рд╛рд░рд╛рдВрд╢.

Month High Low Average
January 10.9668 10.7818 10.8678
February 10.9227 10.8255 10.8732
March 11.0536 10.8907 10.9704
April 11.0879 10.8752 10.9930
May 11.0426 10.8535 10.9378
June 11.1072 10.8971 11.0065
July 11.1460 11.0403 11.1157
August 11.1816 11.0851 11.1361
September 11.2100 11.1018 11.1311
October 11.2220 11.1520 11.1881
November 11.3361 11.1698 11.2572
December 11.3167 11.1406 11.2382