2021 PEN to RSD Historical Review

YEARLY HIGH

27.5218 RSD

YEARLY LOW

24.1250 RSD

YEARLY AVERAGE

25.6638 RSD

2021 PEN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the PEN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 9, valuing the pair at 27.5218. Conversely, the yearly low was recorded on September 7, dropping to 24.1250.

This high-to-low spread represents a total annual volatility of 3.3968 RSD. From a start-to-finish perspective, comparing the January average rate of 26.6821 to the December average rate of 25.7234, the exchange rate registered a net change of -3.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 27.5218 was down 14.99% compared to the 2020 peak of 32.3730, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 137,609 RSD

2020 Average 147,807 RSD

Yearly Trough Low 120,625 RSD

Transaction Impact: A difference of 16,984.18 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

26.9249

24.0603

JanuMarcMayJulySeptNove

PEN 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 26.2215, compared to 25.1060 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.1155 points.

H1 Avg (Jan–Jun) 26.2215

H2 Avg (Jul–Dec) 25.1060

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 2.0082 RSD (High: 27.5218 / Low: 25.5136). On the other end, March was the most stable month, with a tight range of 0.2501 RSD (High: 26.7658 / Low: 26.5157).

April Spread (Volatile) ±2.0082

March Spread (Stable) ±0.2501

Growth Streaks & Declines

Trends

Between September and December, 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 April and May, when the average rate fell by 0.9914 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.9914

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2021: 26.6861) against the same month in 2020 (average: 31.8155), the exchange rate shifted by -5.1293 (-16.12%).

2021 Avg (April) 26.6861

2020 Avg (April) 31.8155

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	26.9654	26.2750	26.6821
February	26.9766	26.4488	26.6769
March	26.7658	26.5157	26.6519
April	27.5218	25.5136	26.6861
May	26.5969	25.0195	25.6948
June	25.2280	24.6062	24.9373
July	25.6308	24.7577	25.2433
August	25.1723	24.3183	24.4942
September	24.5793	24.1250	24.2990
October	25.8143	24.4905	25.2177
November	26.1288	25.2566	25.6587
December	26.1077	25.4050	25.7234