YEARLY HIGH
46.2464 RSD
YEARLY LOW
42.0240 RSD
YEARLY AVERAGE
43.8896 RSD

2021 TOP to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 46.2464. Conversely, the yearly low was recorded on January 5, dropping to 42.0240.

This high-to-low spread represents a total annual volatility of 4.2224 RSD. From a start-to-finish perspective, comparing the January average rate of 42.4289 to the December average rate of 45.5257, the exchange rate registered a net change of 7.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 46.2464 was down 1.88% compared to the 2020 peak of 47.1345, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 231,232 RSD
2020 Average 224,050 RSD
Yearly Trough Low 210,120 RSD
Transaction Impact: A difference of 21,112.12 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

46.0041
42.0408
JanuMarcMayJulySeptNove

TOP 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 43.0078, compared to 44.7713 in the second half (H2: JulтАУDec). This shows that the rate was stronger in the second half (JulтАУDec) by a margin of 1.7635 points.

H1 Avg (JanтАУJun) 43.0078
H2 Avg (JulтАУDec) 44.7713

Volatility Range Comparison

Volatility

The most volatile month in 2021 was March, with a trading range of 1.3608 RSD (High: 43.7814 / Low: 42.4206). On the other end, December was the most stable month, with a tight range of 0.4055 RSD (High: 45.6581 / Low: 45.2526).

March Spread (Volatile) ┬▒1.3608
December Spread (Stable) ┬▒0.4055

Growth Streaks & Declines

Trends

Between May and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.2388 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -0.2388

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 45.6738) against the same month in 2020 (average: 43.1356), the exchange rate shifted by +2.5382 (+5.88%).

2021 Avg (November) 45.6738
2020 Avg (November) 43.1356

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 42.7083 42.0240 42.4289
February 42.7219 42.0635 42.3711
March 43.7814 42.4206 43.3303
April 43.7273 42.8367 43.2471
May 43.2770 42.6738 43.0083
June 44.0185 43.2869 43.6612
July 44.2047 43.7534 44.0194
August 44.4294 43.6938 44.1244
September 44.6445 44.0726 44.3205
October 45.3241 44.6319 44.9640
November 46.2464 45.1753 45.6738
December 45.6581 45.2526 45.5257