2023 NPR to RSD Historical Review

YEARLY HIGH

0.8523 RSD

YEARLY LOW

0.7889 RSD

YEARLY AVERAGE

0.8208 RSD

2023 NPR to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 0.8523. Conversely, the yearly low was recorded on July 13, dropping to 0.7889.

This high-to-low spread represents a total annual volatility of 0.0634 RSD. From a start-to-finish perspective, comparing the January average rate of 0.8311 to the December average rate of 0.8051, the exchange rate registered a net change of -3.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8523 was down 9.02% compared to the 2022 peak of 0.9368, 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 4,262 RSD

2022 Average 4,442 RSD

Yearly Trough Low 3,945 RSD

Transaction Impact: A difference of 316.80 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8372

0.8022

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 0.8252, compared to 0.8165 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0087 points.

H1 Avg (Jan–Jun) 0.8252

H2 Avg (Jul–Dec) 0.8165

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0358 RSD (High: 0.8523 / Low: 0.8165). On the other end, October was the most stable month, with a tight range of 0.0157 RSD (High: 0.8411 / Low: 0.8255).

March Spread (Volatile) ±0.0358

October Spread (Stable) ±0.0157

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 0.0201 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0201

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.8324) against the same month in 2022 (average: 0.8769), the exchange rate shifted by -0.0446 (-5.08%).

2023 Avg (March) 0.8324

2022 Avg (March) 0.8769

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8425	0.8232	0.8311
February	0.8406	0.8129	0.8297
March	0.8523	0.8165	0.8324
April	0.8249	0.8083	0.8159
May	0.8289	0.8100	0.8198
June	0.8304	0.8135	0.8222
July	0.8236	0.7889	0.8071
August	0.8226	0.8037	0.8114
September	0.8378	0.8208	0.8271
October	0.8411	0.8255	0.8342
November	0.8307	0.7999	0.8141
December	0.8160	0.7910	0.8051