2023 RSD to AFN Historical Review

YEARLY HIGH

0.8563 AFN

YEARLY LOW

0.6366 AFN

YEARLY AVERAGE

0.7635 AFN

2023 RSD to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RSD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 18, valuing the pair at 0.8563. Conversely, the yearly low was recorded on December 11, dropping to 0.6366.

This high-to-low spread represents a total annual volatility of 0.2197 AFN. From a start-to-finish perspective, comparing the January average rate of 0.8167 to the December average rate of 0.6518, the exchange rate registered a net change of -20.19% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8563 was down 16.40% compared to the 2022 peak of 1.0243, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,281 AFN

2022 Average 4,044 AFN

Yearly Trough Low 3,183 AFN

Transaction Impact: A difference of 1,098.61 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8344

0.6352

JanuMarcMayJulySeptNove

RSD to AFN 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 0.8096, compared to 0.7173 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0923 points.

H1 Avg (Jan–Jun) 0.8096

H2 Avg (Jul–Dec) 0.7173

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0784 AFN (High: 0.7489 / Low: 0.6704). On the other end, March was the most stable month, with a tight range of 0.0217 AFN (High: 0.8127 / Low: 0.7910).

September Spread (Volatile) ±0.0784

March Spread (Stable) ±0.0217

Growth Streaks & Declines

Trends

Between March and May, 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 August and September, when the average rate fell by 0.0758 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0758

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.8104) against the same month in 2022 (average: 0.8038), the exchange rate shifted by +0.0066 (+0.82%).

2023 Avg (April) 0.8104

2022 Avg (April) 0.8038

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8315	0.7895	0.8167
February	0.8435	0.7942	0.8178
March	0.8127	0.7910	0.8002
April	0.8563	0.7964	0.8104
May	0.8289	0.7962	0.8107
June	0.8169	0.7849	0.8020
July	0.8354	0.7955	0.8171
August	0.8130	0.7507	0.7854
September	0.7489	0.6704	0.7097
October	0.7016	0.6641	0.6805
November	0.6814	0.6370	0.6594
December	0.6674	0.6366	0.6518