2021 NPR to RSD Historical Review

YEARLY HIGH

0.8822 RSD

YEARLY LOW

0.8134 RSD

YEARLY AVERAGE

0.8414 RSD

2021 NPR to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the NPR to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 0.8822. Conversely, the yearly low was recorded on April 26, dropping to 0.8134.

This high-to-low spread represents a total annual volatility of 0.0688 RSD. From a start-to-finish perspective, comparing the January average rate of 0.8274 to the December average rate of 0.8630, the exchange rate registered a net change of 4.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.8822 was down 7.53% compared to the 2020 peak of 0.9540, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,411 RSD

2020 Average 4,353 RSD

Yearly Trough Low 4,067 RSD

Transaction Impact: A difference of 343.88 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.8697

0.8228

JanuMarcMayJulySeptNove

NPR 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 0.8328, compared to 0.8499 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0171 points.

H1 Avg (Jan–Jun) 0.8328

H2 Avg (Jul–Dec) 0.8499

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0391 RSD (High: 0.8525 / Low: 0.8134). On the other end, June was the most stable month, with a tight range of 0.0099 RSD (High: 0.8346 / Low: 0.8247).

April Spread (Volatile) ±0.0391

June Spread (Stable) ±0.0099

Growth Streaks & Declines

Trends

Between May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0216 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0216

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 0.8658) against the same month in 2020 (average: 0.8355), the exchange rate shifted by +0.0303 (+3.63%).

2021 Avg (November) 0.8658

2020 Avg (November) 0.8355

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8368	0.8150	0.8274
February	0.8425	0.8295	0.8364
March	0.8618	0.8299	0.8495
April	0.8525	0.8134	0.8280
May	0.8326	0.8170	0.8267
June	0.8346	0.8247	0.8291
July	0.8392	0.8292	0.8342
August	0.8545	0.8309	0.8421
September	0.8559	0.8428	0.8485
October	0.8557	0.8397	0.8457
November	0.8822	0.8477	0.8658
December	0.8723	0.8527	0.8630