2024 PEN to RSD Historical Review

YEARLY HIGH

30.2646 RSD

YEARLY LOW

27.7205 RSD

YEARLY AVERAGE

28.8416 RSD

2024 PEN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PEN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 25, valuing the pair at 30.2646. Conversely, the yearly low was recorded on September 24, dropping to 27.7205.

This high-to-low spread represents a total annual volatility of 2.5441 RSD. From a start-to-finish perspective, comparing the January average rate of 28.7990 to the December average rate of 29.9303, the exchange rate registered a net change of 3.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 30.2646 was up 1.26% compared to the 2023 peak of 29.8868, 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 151,323 RSD

2023 Average 144,970 RSD

Yearly Trough Low 138,603 RSD

Transaction Impact: A difference of 12,720.34 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

30.1282

27.7531

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 28.8970, compared to 28.7862 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1109 points.

H1 Avg (Jan–Jun) 28.8970

H2 Avg (Jul–Dec) 28.7862

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 1.2508 RSD (High: 29.6333 / Low: 28.3825). On the other end, October was the most stable month, with a tight range of 0.4695 RSD (High: 28.9125 / Low: 28.4430).

November Spread (Volatile) ±1.2508

October Spread (Stable) ±0.4695

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 August and September, when the average rate fell by 0.4722 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4722

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 29.9303) against the same month in 2023 (average: 28.7289), the exchange rate shifted by +1.2014 (+4.18%).

2024 Avg (December) 29.9303

2023 Avg (December) 28.7289

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	29.1050	28.3347	28.7990
February	28.6084	28.0723	28.3588
March	29.5273	28.5667	29.0229
April	29.8754	29.0746	29.4011
May	29.4924	28.7402	29.0394
June	29.0103	28.4989	28.7610
July	28.9758	28.3225	28.6584
August	29.0316	27.8978	28.4232
September	28.2796	27.7205	27.9510
October	28.9125	28.4430	28.6328
November	29.6333	28.3825	29.1214
December	30.2646	29.5339	29.9303