2022 NGN to RSD Historical Review

YEARLY HIGH

0.2823 RSD

YEARLY LOW

0.2442 RSD

YEARLY AVERAGE

0.2636 RSD

2022 NGN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the NGN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 0.2823. Conversely, the yearly low was recorded on December 31, dropping to 0.2442.

This high-to-low spread represents a total annual volatility of 0.0380 RSD. From a start-to-finish perspective, comparing the January average rate of 0.2510 to the December average rate of 0.2487, the exchange rate registered a net change of -0.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2022 high of 0.2823 was up 7.49% compared to the 2021 peak of 0.2626, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 282,281 RSD

2021 Average 246,692 RSD

Yearly Trough Low 244,246 RSD

Transaction Impact: A difference of 38,035.45 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

0.2792

0.2459

JanuMarcMayJulySeptNove

NGN 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 0.2590, compared to 0.2682 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0092 points.

H1 Avg (Jan–Jun) 0.2590

H2 Avg (Jul–Dec) 0.2682

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 0.0208 RSD (High: 0.2743 / Low: 0.2535). On the other end, January was the most stable month, with a tight range of 0.0057 RSD (High: 0.2541 / Low: 0.2484).

November Spread (Volatile) ±0.0208

January Spread (Stable) ±0.0057

Growth Streaks & Declines

Trends

Between February and May, 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 October and November, when the average rate fell by 0.0139 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0139

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2022: 0.2764) against the same month in 2021 (average: 0.2425), the exchange rate shifted by +0.0338 (+13.95%).

2022 Avg (September) 0.2764

2021 Avg (September) 0.2425

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2541	0.2484	0.2510
February	0.2526	0.2467	0.2491
March	0.2607	0.2536	0.2569
April	0.2698	0.2555	0.2619
May	0.2725	0.2628	0.2676
June	0.2714	0.2631	0.2672
July	0.2817	0.2693	0.2749
August	0.2788	0.2710	0.2755
September	0.2823	0.2701	0.2764
October	0.2790	0.2674	0.2738
November	0.2743	0.2535	0.2599
December	0.2524	0.2442	0.2487