2023 NGN to RSD Historical Review

YEARLY HIGH

0.2487 RSD

YEARLY LOW

0.1179 RSD

YEARLY AVERAGE

0.1834 RSD

2023 NGN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.2487. Conversely, the yearly low was recorded on December 28, dropping to 0.1179.

This high-to-low spread represents a total annual volatility of 0.1308 RSD. From a start-to-finish perspective, comparing the January average rate of 0.2394 to the December average rate of 0.1328, the exchange rate registered a net change of -44.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2487 was down 11.89% compared to the 2022 peak of 0.2823, 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 248,724 RSD

2022 Average 263,669 RSD

Yearly Trough Low 117,940 RSD

Transaction Impact: A difference of 130,783.98 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2501

0.1221

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 0.2287, compared to 0.1381 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0906 points.

H1 Avg (Jan–Jun) 0.2287

H2 Avg (Jul–Dec) 0.1381

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1062 RSD (High: 0.2370 / Low: 0.1308). On the other end, April was the most stable month, with a tight range of 0.0058 RSD (High: 0.2351 / Low: 0.2293).

June Spread (Volatile) ±0.1062

April Spread (Stable) ±0.0058

Growth Streaks & Declines

Trends

Between July and October, 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 June and July, when the average rate fell by 0.0544 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0544

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.2394) against the same month in 2022 (average: 0.2510), the exchange rate shifted by -0.0116 (-4.62%).

2023 Avg (January) 0.2394

2022 Avg (January) 0.2510

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2487	0.2345	0.2394
February	0.2424	0.2315	0.2382
March	0.2416	0.2337	0.2382
April	0.2351	0.2293	0.2318
May	0.2378	0.2299	0.2340
June	0.2370	0.1308	0.1909
July	0.1414	0.1322	0.1365
August	0.1437	0.1377	0.1401
September	0.1467	0.1389	0.1419
October	0.1470	0.1252	0.1420
November	0.1406	0.1304	0.1354
December	0.1393	0.1179	0.1328