YEARLY HIGH
0.5292 PHP
YEARLY LOW
0.4941 PHP
YEARLY AVERAGE
0.5131 PHP

2023 RSD to PHP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RSD to PHP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 30, valuing the pair at 0.5292. Conversely, the yearly low was recorded on March 16, dropping to 0.4941.

This high-to-low spread represents a total annual volatility of 0.0351 PHP. From a start-to-finish perspective, comparing the January average rate of 0.5048 to the December average rate of 0.5173, the exchange rate registered a net change of 2.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5292 was up 4.01% compared to the 2022 peak of 0.5088, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,646 PHP
2022 Average 2,440 PHP
Yearly Trough Low 2,470 PHP
Transaction Impact: A difference of 175.51 PHP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5262
0.4975
JanuMarcMayJulySeptNove

RSD to PHP 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 0.5091, compared to 0.5170 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 0.0078 points.

H1 Avg (JanтАУJun) 0.5091
H2 Avg (JulтАУDec) 0.5170

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0252 PHP (High: 0.5268 / Low: 0.5016). On the other end, January was the most stable month, with a tight range of 0.0084 PHP (High: 0.5091 / Low: 0.5008).

April Spread (Volatile) ┬▒0.0252
January Spread (Stable) ┬▒0.0084

Growth Streaks & Declines

Trends

Between June and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0068 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0068

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.5238) against the same month in 2022 (average: 0.4817), the exchange rate shifted by +0.0421 (+8.74%).

2023 Avg (August) 0.5238
2022 Avg (August) 0.4817

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Month High Low Average
January 0.5091 0.5008 0.5048
February 0.5076 0.4948 0.5003
March 0.5051 0.4941 0.4999
April 0.5268 0.5016 0.5169
May 0.5228 0.5110 0.5168
June 0.5210 0.5116 0.5162
July 0.5220 0.5132 0.5179
August 0.5292 0.5152 0.5238
September 0.5227 0.5103 0.5170
October 0.5161 0.5071 0.5116
November 0.5204 0.5082 0.5142
December 0.5269 0.5084 0.5173