2023 RSD to ETB Historical Review

YEARLY HIGH

0.5332 ETB

YEARLY LOW

0.4810 ETB

YEARLY AVERAGE

0.5050 ETB

2023 RSD to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RSD to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 0.5332. Conversely, the yearly low was recorded on January 5, dropping to 0.4810.

This high-to-low spread represents a total annual volatility of 0.0522 ETB. From a start-to-finish perspective, comparing the January average rate of 0.4930 to the December average rate of 0.5233, the exchange rate registered a net change of 6.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5332 was up 8.78% compared to the 2022 peak of 0.4902, 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 2,666 ETB

2022 Average 2,328 ETB

Yearly Trough Low 2,405 ETB

Transaction Impact: A difference of 261.10 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5266

0.4866

JanuMarcMayJulySeptNove

RSD to ETB 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 0.4982, compared to 0.5119 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0136 points.

H1 Avg (Jan–Jun) 0.4982

H2 Avg (Jul–Dec) 0.5119

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0210 ETB (High: 0.5332 / Low: 0.5122). On the other end, October was the most stable month, with a tight range of 0.0111 ETB (High: 0.5069 / Low: 0.4958).

December Spread (Volatile) ±0.0210

October Spread (Stable) ±0.0111

Growth Streaks & Declines

Trends

Between February and April, 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 0.0097 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0097

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.5233) against the same month in 2022 (average: 0.4833), the exchange rate shifted by +0.0399 (+8.26%).

2023 Avg (December) 0.5233

2022 Avg (December) 0.4833

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4987	0.4810	0.4930
February	0.5034	0.4832	0.4899
March	0.5011	0.4834	0.4910
April	0.5125	0.4975	0.5068
May	0.5140	0.4957	0.5038
June	0.5133	0.4964	0.5048
July	0.5277	0.5077	0.5172
August	0.5177	0.5065	0.5124
September	0.5089	0.4955	0.5027
October	0.5069	0.4958	0.5011
November	0.5231	0.5030	0.5145
December	0.5332	0.5122	0.5233