2023 MWK to RSD Historical Review

YEARLY HIGH

0.1093 RSD

YEARLY LOW

0.0627 RSD

YEARLY AVERAGE

0.0980 RSD

2023 MWK to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 8, valuing the pair at 0.1093. Conversely, the yearly low was recorded on December 27, dropping to 0.0627.

This high-to-low spread represents a total annual volatility of 0.0467 RSD. From a start-to-finish perspective, comparing the January average rate of 0.1064 to the December average rate of 0.0637, the exchange rate registered a net change of -40.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1093 was down 21.15% compared to the 2022 peak of 0.1387, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 547 RSD

2022 Average 604 RSD

Yearly Trough Low 313 RSD

Transaction Impact: A difference of 233.34 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1111

0.0594

JanuMarcMayJulySeptNove

MWK 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 0.1058, compared to 0.0902 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0156 points.

H1 Avg (Jan–Jun) 0.1058

H2 Avg (Jul–Dec) 0.0902

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0351 RSD (High: 0.0985 / Low: 0.0633). On the other end, December was the most stable month, with a tight range of 0.0020 RSD (High: 0.0646 / Low: 0.0627).

November Spread (Volatile) ±0.0351

December Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

Between April and June, 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 October and November, when the average rate fell by 0.0182 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0182

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.1066) against the same month in 2022 (average: 0.1318), the exchange rate shifted by -0.0252 (-19.09%).

2023 Avg (March) 0.1066

2022 Avg (March) 0.1318

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1088	0.1050	0.1064
February	0.1084	0.1038	0.1068
March	0.1093	0.1041	0.1066
April	0.1058	0.1033	0.1044
May	0.1070	0.1032	0.1053
June	0.1075	0.1021	0.1055
July	0.1026	0.0990	0.1008
August	0.1021	0.0983	0.1000
September	0.1042	0.0988	0.1013
October	0.1035	0.0953	0.0967
November	0.0985	0.0633	0.0785
December	0.0646	0.0627	0.0637