2023 RSD to IDR Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 RSD to IDR Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the RSD to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 146.0621. Conversely, the yearly low was recorded on June 5, dropping to 135.7615.
This high-to-low spread represents a total annual volatility of 10.3005 IDR. From a start-to-finish perspective, comparing the January average rate of 140.0740 to the December average rate of 144.2562, the exchange rate registered a net change of 2.99% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 146.0621 was up 2.23% compared to the 2022 peak of 142.8782, 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 IDR 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 138.8415, compared to 142.3420 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.5005 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was October, with a trading range of 5.9665 IDR (High: 144.8372 / Low: 138.8708). On the other end, September was the most stable month, with a tight range of 1.5455 IDR (High: 140.7115 / Low: 139.1660).
Growth Streaks & Declines
TrendsBetween September and December, 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 August and September, when the average rate fell by 2.0539 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 144.2562) against the same month in 2022 (average: 140.5630), the exchange rate shifted by +3.6932 (+2.63%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 142.5143 | 138.7001 | 140.0740 |
| February | 139.7312 | 137.2136 | 138.3219 |
| March | 141.3824 | 138.3299 | 139.7272 |
| April | 140.9835 | 137.8345 | 139.1109 |
| May | 138.6371 | 136.7033 | 137.5634 |
| June | 140.1010 | 135.7615 | 138.2515 |
| July | 143.8510 | 139.4328 | 142.0537 |
| August | 143.1123 | 140.3661 | 142.0175 |
| September | 140.7115 | 139.1660 | 139.9635 |
| October | 144.8372 | 138.8708 | 142.0044 |
| November | 145.6979 | 141.4610 | 143.7565 |
| December | 146.0621 | 142.5061 | 144.2562 |