2023 RSD to IRR Historical Review

YEARLY HIGH

405.3391 IRR

YEARLY LOW

375.6500 IRR

YEARLY AVERAGE

389.5216 IRR

2023 RSD to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RSD to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 405.3391. Conversely, the yearly low was recorded on January 5, dropping to 375.6500.

This high-to-low spread represents a total annual volatility of 29.6891 IRR. From a start-to-finish perspective, comparing the January average rate of 385.4282 to the December average rate of 393.4707, the exchange rate registered a net change of 2.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 405.3391 was down 1.64% compared to the 2022 peak of 412.1036, 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 2,026,695 IRR

2022 Average 1,896,037 IRR

Yearly Trough Low 1,878,250 IRR

Transaction Impact: A difference of 148,445.41 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

400.2763

378.9001

JanuMarcMayJulySeptNove

RSD to IRR 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 388.9455, compared to 390.0978 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1523 points.

H1 Avg (Jan–Jun) 388.9455

H2 Avg (Jul–Dec) 390.0978

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 16.9223 IRR (High: 392.5723 / Low: 375.6500). On the other end, October was the most stable month, with a tight range of 7.7474 IRR (High: 384.7625 / Low: 377.0151).

January Spread (Volatile) ±16.9223

October Spread (Stable) ±7.7474

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 8.6761 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -8.6761

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 398.4949) against the same month in 2022 (average: 367.8898), the exchange rate shifted by +30.6051 (+8.32%).

2023 Avg (July) 398.4949

2022 Avg (July) 367.8898

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	392.5723	375.6500	385.4282
February	395.8966	378.9849	385.0838
March	392.7039	379.9025	385.1405
April	400.2152	390.6725	395.2991
May	399.3843	385.7879	391.7128
June	395.9329	386.0006	391.0085
July	405.3391	391.3583	398.4949
August	397.2985	388.9816	393.3167
September	388.7846	378.2960	384.6405
October	384.7625	377.0151	380.6814
November	396.5103	381.4604	389.9826
December	398.4717	388.2388	393.4707