2023 PGK to RSD Historical Review

YEARLY HIGH

31.6575 RSD

YEARLY LOW

28.0918 RSD

YEARLY AVERAGE

30.1184 RSD

2023 PGK to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 31.6575. Conversely, the yearly low was recorded on December 30, dropping to 28.0918.

This high-to-low spread represents a total annual volatility of 3.5658 RSD. From a start-to-finish perspective, comparing the January average rate of 30.8873 to the December average rate of 28.6938, the exchange rate registered a net change of -7.10% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 31.6575 was down 8.82% compared to the 2022 peak of 34.7205, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 158,288 RSD

2022 Average 158,340 RSD

Yearly Trough Low 140,459 RSD

Transaction Impact: A difference of 17,828.91 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

31.3258

28.4545

JanuMarcMayJulySeptNove

PGK 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 30.7243, compared to 29.5125 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.2118 points.

H1 Avg (Jan–Jun) 30.7243

H2 Avg (Jul–Dec) 29.5125

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 1.6764 RSD (High: 30.5098 / Low: 28.8334). On the other end, April was the most stable month, with a tight range of 0.9215 RSD (High: 30.7624 / Low: 29.8409).

July Spread (Volatile) ±1.6764

April Spread (Stable) ±0.9215

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 October and November, when the average rate fell by 1.0597 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.0597

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 30.8873) against the same month in 2022 (average: 29.4757), the exchange rate shifted by +1.4116 (+4.79%).

2023 Avg (January) 30.8873

2022 Avg (January) 29.4757

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	31.6575	30.5212	30.8873
February	31.6054	30.2514	31.0695
March	31.5614	30.2425	31.0865
April	30.7624	29.8409	30.3180
May	31.0396	30.0469	30.5540
June	31.1322	29.9224	30.4307
July	30.5098	28.8334	29.6902
August	30.6169	29.2998	29.7174
September	30.6816	29.6629	30.1431
October	30.5577	29.3849	29.9452
November	29.8059	28.3193	28.8856
December	29.1796	28.0918	28.6938