2023 RSD to CVE Historical Review

YEARLY HIGH

0.9699 CVE

YEARLY LOW

0.9283 CVE

YEARLY AVERAGE

0.9417 CVE

2023 RSD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RSD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 0.9699. Conversely, the yearly low was recorded on February 3, dropping to 0.9283.

This high-to-low spread represents a total annual volatility of 0.0416 CVE. From a start-to-finish perspective, comparing the January average rate of 0.9418 to the December average rate of 0.9426, the exchange rate registered a net change of 0.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.9699 was down 1.57% compared to the 2022 peak of 0.9853, 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 4,849 CVE

2022 Average 4,706 CVE

Yearly Trough Low 4,641 CVE

Transaction Impact: A difference of 207.98 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.9441

0.9397

JanuMarcMayJulySeptNove

RSD to CVE 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 0.9418, compared to 0.9416 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.9418

H2 Avg (Jul–Dec) 0.9416

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0326 CVE (High: 0.9699 / Low: 0.9372). On the other end, August was the most stable month, with a tight range of 0.0111 CVE (High: 0.9463 / Low: 0.9352).

December Spread (Volatile) ±0.0326

August Spread (Stable) ±0.0111

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0021 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.9426) against the same month in 2022 (average: 0.9421), the exchange rate shifted by +0.0005 (+0.05%).

2023 Avg (December) 0.9426

2022 Avg (December) 0.9421

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9519	0.9285	0.9418
February	0.9510	0.9283	0.9400
March	0.9471	0.9309	0.9414
April	0.9512	0.9309	0.9419
May	0.9461	0.9326	0.9420
June	0.9645	0.9367	0.9437
July	0.9559	0.9308	0.9416
August	0.9463	0.9352	0.9406
September	0.9452	0.9313	0.9401
October	0.9464	0.9328	0.9414
November	0.9607	0.9359	0.9435
December	0.9699	0.9372	0.9426