2023 QAR to RSD Historical Review

YEARLY HIGH

30.7694 RSD

YEARLY LOW

28.6211 RSD

YEARLY AVERAGE

29.7567 RSD

2023 QAR to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 30.7694. Conversely, the yearly low was recorded on July 17, dropping to 28.6211.

This high-to-low spread represents a total annual volatility of 2.1483 RSD. From a start-to-finish perspective, comparing the January average rate of 29.8615 to the December average rate of 29.4505, the exchange rate registered a net change of -1.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 30.7694 was down 8.40% compared to the 2022 peak of 33.5904, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 153,847 RSD

2022 Average 153,271 RSD

Yearly Trough Low 143,106 RSD

Transaction Impact: A difference of 10,741.25 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

30.6000

28.9890

JanuMarcMayJulySeptNove

QAR 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 29.7668, compared to 29.7466 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0203 points.

H1 Avg (Jan–Jun) 29.7668

H2 Avg (Jul–Dec) 29.7466

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 1.3124 RSD (High: 30.5551 / Low: 29.2427). On the other end, August was the most stable month, with a tight range of 0.6067 RSD (High: 29.8242 / Low: 29.2175).

February Spread (Volatile) ±1.3124

August Spread (Stable) ±0.6067

Growth Streaks & Declines

Trends

Between July and October, 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 March and April, when the average rate fell by 0.6953 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.6953

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 30.4658) against the same month in 2022 (average: 32.7391), the exchange rate shifted by -2.2733 (-6.94%).

2023 Avg (October) 30.4658

2022 Avg (October) 32.7391

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	30.6344	29.4695	29.8615
February	30.5551	29.2427	30.0647
March	30.5447	29.4540	30.0218
April	29.7198	29.0515	29.3265
May	30.1067	29.0610	29.6411
June	30.0976	29.3079	29.6855
July	29.6599	28.6211	29.1233
August	29.8242	29.2175	29.4994
September	30.6652	29.7882	30.1640
October	30.7694	30.1467	30.4658
November	30.3645	29.2739	29.7765
December	29.9029	28.9735	29.4505