2023 RSD to INR Historical Review

YEARLY HIGH

0.7894 INR

YEARLY LOW

0.7370 INR

YEARLY AVERAGE

0.7618 INR

2023 RSD to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RSD to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 0.7894. Conversely, the yearly low was recorded on March 8, dropping to 0.7370.

This high-to-low spread represents a total annual volatility of 0.0524 INR. From a start-to-finish perspective, comparing the January average rate of 0.7511 to the December average rate of 0.7756, the exchange rate registered a net change of 3.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.7894 was up 4.38% compared to the 2022 peak of 0.7563, 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 3,947 INR

2022 Average 3,521 INR

Yearly Trough Low 3,685 INR

Transaction Impact: A difference of 262.15 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.7782

0.7473

JanuMarcMayJulySeptNove

RSD to INR 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 0.7576, compared to 0.7660 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0084 points.

H1 Avg (Jan–Jun) 0.7576

H2 Avg (Jul–Dec) 0.7660

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0302 INR (High: 0.7823 / Low: 0.7521). On the other end, October was the most stable month, with a tight range of 0.0132 INR (High: 0.7561 / Low: 0.7429).

November Spread (Volatile) ±0.0302

October Spread (Stable) ±0.0132

Growth Streaks & Declines

Trends

Between October and December, 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 0.0146 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0146

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.7756) against the same month in 2022 (average: 0.7443), the exchange rate shifted by +0.0313 (+4.21%).

2023 Avg (December) 0.7756

2022 Avg (December) 0.7443

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.7582	0.7409	0.7511
February	0.7665	0.7452	0.7537
March	0.7644	0.7370	0.7512
April	0.7743	0.7589	0.7666
May	0.7721	0.7539	0.7628
June	0.7679	0.7525	0.7600
July	0.7873	0.7613	0.7753
August	0.7769	0.7609	0.7706
September	0.7613	0.7455	0.7560
October	0.7561	0.7429	0.7499
November	0.7823	0.7521	0.7685
December	0.7894	0.7655	0.7756