2023 NOK to RSD Historical Review

YEARLY HIGH

11.1862 RSD

YEARLY LOW

9.7685 RSD

YEARLY AVERAGE

10.2745 RSD

2023 NOK to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 11.1862. Conversely, the yearly low was recorded on May 30, dropping to 9.7685.

This high-to-low spread represents a total annual volatility of 1.4177 RSD. From a start-to-finish perspective, comparing the January average rate of 10.9632 to the December average rate of 10.2122, the exchange rate registered a net change of -6.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.1862 was down 10.18% compared to the 2022 peak of 12.4534, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 55,931 RSD

2022 Average 58,158 RSD

Yearly Trough Low 48,843 RSD

Transaction Impact: A difference of 7,088.40 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.0655

9.8370

JanuMarcMayJulySeptNove

NOK 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 10.3723, compared to 10.1767 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1955 points.

H1 Avg (Jan–Jun) 10.3723

H2 Avg (Jul–Dec) 10.1767

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.5933 RSD (High: 10.4927 / Low: 9.8994). On the other end, September was the most stable month, with a tight range of 0.2491 RSD (High: 10.3929 / Low: 10.1437).

December Spread (Volatile) ±0.5933

September Spread (Stable) ±0.2491

Growth Streaks & Declines

Trends

Between May and July, 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 February and March, when the average rate fell by 0.3078 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3078

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 10.9632) against the same month in 2022 (average: 11.7324), the exchange rate shifted by -0.7693 (-6.56%).

2023 Avg (January) 10.9632

2022 Avg (January) 11.7324

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.1862	10.8215	10.9632
February	10.8334	10.5825	10.6995
March	10.6080	10.1679	10.3917
April	10.4590	9.8891	10.1764
May	10.1748	9.7685	9.9831
June	10.2009	9.8524	10.0198
July	10.5359	9.9899	10.3135
August	10.5046	10.1056	10.2655
September	10.3929	10.1437	10.2392
October	10.3364	9.8950	10.0905
November	10.0625	9.7704	9.9394
December	10.4927	9.8994	10.2122