2023 RSD to GNF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 RSD to GNF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the RSD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 82.5956. Conversely, the yearly low was recorded on October 7, dropping to 76.6682.
This high-to-low spread represents a total annual volatility of 5.9274 GNF. From a start-to-finish perspective, comparing the January average rate of 79.6509 to the December average rate of 80.1482, the exchange rate registered a net change of 0.62% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 82.5956 was down 8.43% compared to the 2022 peak of 90.1967, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 RSD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
RSD to GNF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 79.5913, compared to 79.4396 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1517 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was January, with a trading range of 3.4893 GNF (High: 81.5191 / Low: 78.0298). On the other end, April was the most stable month, with a tight range of 1.6845 GNF (High: 81.2027 / Low: 79.5182).
Growth Streaks & Declines
TrendsBetween 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 1.7757 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 81.1921) against the same month in 2022 (average: 75.4414), the exchange rate shifted by +5.7507 (+7.62%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 81.5191 | 78.0298 | 79.6509 |
| February | 80.7575 | 77.3331 | 78.8554 |
| March | 80.1433 | 77.8397 | 78.8928 |
| April | 81.2027 | 79.5182 | 80.4485 |
| May | 81.4314 | 78.4833 | 79.9209 |
| June | 80.7839 | 78.7070 | 79.7796 |
| July | 82.5956 | 79.5596 | 81.1921 |
| August | 81.2394 | 79.1263 | 80.1069 |
| September | 79.0839 | 77.1789 | 78.3312 |
| October | 78.4321 | 76.6682 | 77.4930 |
| November | 80.6110 | 77.6766 | 79.3661 |
| December | 81.3800 | 79.0337 | 80.1482 |