2023 NIO to RSD Historical Review

YEARLY HIGH

3.0608 RSD

YEARLY LOW

2.8519 RSD

YEARLY AVERAGE

2.9660 RSD

2023 NIO to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NIO to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 6, valuing the pair at 3.0608. Conversely, the yearly low was recorded on July 17, dropping to 2.8519.

This high-to-low spread represents a total annual volatility of 0.2090 RSD. From a start-to-finish perspective, comparing the January average rate of 2.9829 to the December average rate of 2.9272, the exchange rate registered a net change of -1.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.0608 was down 10.00% compared to the 2022 peak of 3.4011, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,304 RSD

2022 Average 15,568 RSD

Yearly Trough Low 14,259 RSD

Transaction Impact: A difference of 1,044.86 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.0472

2.8889

JanuMarcMayJulySeptNove

NIO 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 2.9710, compared to 2.9610 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0100 points.

H1 Avg (Jan–Jun) 2.9710

H2 Avg (Jul–Dec) 2.9610

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1403 RSD (High: 3.0580 / Low: 2.9177). On the other end, August was the most stable month, with a tight range of 0.0599 RSD (High: 2.9702 / Low: 2.9102).

February Spread (Volatile) ±0.1403

August Spread (Stable) ±0.0599

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 October and November, when the average rate fell by 0.0729 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0729

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 3.0340) against the same month in 2022 (average: 3.3124), the exchange rate shifted by -0.2784 (-8.40%).

2023 Avg (October) 3.0340

2022 Avg (October) 3.3124

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.0584	2.9446	2.9829
February	3.0580	2.9177	3.0046
March	3.0471	2.9415	2.9997
April	2.9626	2.9015	2.9275
May	2.9989	2.8950	2.9534
June	3.0007	2.9189	2.9578
July	2.9546	2.8519	2.9021
August	2.9702	2.9102	2.9383
September	3.0514	2.9678	3.0032
October	3.0608	3.0002	3.0340
November	3.0219	2.9078	2.9611
December	2.9717	2.8787	2.9272