2023 PEN to RSD Historical Review

YEARLY HIGH

29.8868 RSD

YEARLY LOW

27.6124 RSD

YEARLY AVERAGE

28.9916 RSD

2023 PEN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 12, valuing the pair at 29.8868. Conversely, the yearly low was recorded on January 26, dropping to 27.6124.

This high-to-low spread represents a total annual volatility of 2.2744 RSD. From a start-to-finish perspective, comparing the January average rate of 28.4648 to the December average rate of 28.7289, the exchange rate registered a net change of 0.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 29.8868 was down 3.78% compared to the 2022 peak of 31.0610, 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 149,434 RSD

2022 Average 145,680 RSD

Yearly Trough Low 138,062 RSD

Transaction Impact: A difference of 11,372.00 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

29.7755

28.3354

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 28.9055, compared to 29.0776 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1720 points.

H1 Avg (Jan–Jun) 28.9055

H2 Avg (Jul–Dec) 29.0776

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 1.7112 RSD (High: 29.3237 / Low: 27.6124). On the other end, September was the most stable month, with a tight range of 0.5435 RSD (High: 29.7622 / Low: 29.2187).

January Spread (Volatile) ±1.7112

September Spread (Stable) ±0.5435

Growth Streaks & Declines

Trends

Between January and March, 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 September and October, when the average rate fell by 0.5870 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5870

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 29.6555) against the same month in 2022 (average: 29.6701), the exchange rate shifted by -0.0146 (-0.05%).

2023 Avg (June) 29.6555

2022 Avg (June) 29.6701

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	29.3237	27.6124	28.4648
February	29.2563	27.7205	28.5723
March	29.4472	28.5405	28.9852
April	28.7922	28.1171	28.4554
May	29.8590	28.5541	29.3000
June	29.8868	29.3371	29.6555
July	29.7528	29.1905	29.4624
August	29.5476	28.8430	29.1205
September	29.7622	29.2187	29.5002
October	29.5042	28.3159	28.9132
November	29.1512	28.0025	28.7402
December	29.0665	28.1784	28.7289