2023 NZD to RSD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 NZD to RSD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the NZD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 70.1475. Conversely, the yearly low was recorded on August 20, dropping to 63.8005.
This high-to-low spread represents a total annual volatility of 6.3471 RSD. From a start-to-finish perspective, comparing the January average rate of 69.6971 to the December average rate of 66.8510, the exchange rate registered a net change of -4.08% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 70.1475 was down 6.43% compared to the 2022 peak of 74.9676, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 NZD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
NZD to RSD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 67.7041, compared to 65.4565 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.2476 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was April, with a trading range of 2.9696 RSD (High: 67.9362 / Low: 64.9666). On the other end, January was the most stable month, with a tight range of 1.1087 RSD (High: 70.1475 / Low: 69.0388).
Growth Streaks & Declines
TrendsBetween August and October, 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 July and August, when the average rate fell by 1.6068 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 69.6971) against the same month in 2022 (average: 69.9907), the exchange rate shifted by -0.2936 (-0.42%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 70.1475 | 69.0388 | 69.6971 |
| February | 69.7009 | 68.1221 | 68.8549 |
| March | 68.9968 | 67.2556 | 67.9544 |
| April | 67.9362 | 64.9666 | 66.3892 |
| May | 68.2305 | 65.6299 | 66.9906 |
| June | 67.0123 | 65.2071 | 66.3385 |
| July | 66.7837 | 64.9143 | 65.9753 |
| August | 65.4195 | 63.8005 | 64.3685 |
| September | 66.5271 | 64.2050 | 65.1246 |
| October | 66.9259 | 64.2351 | 65.4291 |
| November | 66.1377 | 64.3382 | 64.9907 |
| December | 67.3955 | 66.2267 | 66.8510 |