2023 PKR to RSD Historical Review

YEARLY HIGH

0.4911 RSD

YEARLY LOW

0.3522 RSD

YEARLY AVERAGE

0.3895 RSD

2023 PKR to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PKR to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.4911. Conversely, the yearly low was recorded on August 30, dropping to 0.3522.

This high-to-low spread represents a total annual volatility of 0.1389 RSD. From a start-to-finish perspective, comparing the January average rate of 0.4666 to the December average rate of 0.3806, the exchange rate registered a net change of -18.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4911 was down 19.31% compared to the 2022 peak of 0.6086, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 500,000 PKR based on timing:

Yearly Peak High 245,548 RSD

2022 Average 274,677 RSD

Yearly Trough Low 176,076 RSD

Transaction Impact: A difference of 69,471.82 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4766

0.3564

JanuMarcMayJulySeptNove

PKR 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 0.4005, compared to 0.3786 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0218 points.

H1 Avg (Jan–Jun) 0.4005

H2 Avg (Jul–Dec) 0.3786

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0879 RSD (High: 0.4911 / Low: 0.4032). On the other end, December was the most stable month, with a tight range of 0.0110 RSD (High: 0.3850 / Low: 0.3741).

January Spread (Volatile) ±0.0879

December Spread (Stable) ±0.0110

Growth Streaks & Declines

Trends

Between 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 January and February, when the average rate fell by 0.0533 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0533

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.4666) against the same month in 2022 (average: 0.5882), the exchange rate shifted by -0.1216 (-20.68%).

2023 Avg (January) 0.4666

2022 Avg (January) 0.5882

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4911	0.4032	0.4666
February	0.4330	0.3965	0.4133
March	0.4192	0.3792	0.3909
April	0.3818	0.3697	0.3769
May	0.3842	0.3634	0.3778
June	0.3831	0.3720	0.3773
July	0.3922	0.3674	0.3766
August	0.3758	0.3522	0.3665
September	0.3867	0.3544	0.3693
October	0.4024	0.3834	0.3973
November	0.3949	0.3730	0.3815
December	0.3850	0.3741	0.3806