2023 RSD to ISK Historical Review

YEARLY HIGH

1.3383 ISK

YEARLY LOW

1.2116 ISK

YEARLY AVERAGE

1.2721 ISK

2023 RSD to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RSD to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 25, valuing the pair at 1.3383. Conversely, the yearly low was recorded on August 31, dropping to 1.2116.

This high-to-low spread represents a total annual volatility of 0.1267 ISK. From a start-to-finish perspective, comparing the January average rate of 1.3133 to the December average rate of 1.2843, the exchange rate registered a net change of -2.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.3383 was up 3.06% compared to the 2022 peak of 1.2985, 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 6,691 ISK

2022 Average 6,058 ISK

Yearly Trough Low 6,058 ISK

Transaction Impact: A difference of 633.46 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.3220

1.2177

JanuMarcMayJulySeptNove

RSD to ISK 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 1.2885, compared to 1.2556 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0329 points.

H1 Avg (Jan–Jun) 1.2885

H2 Avg (Jul–Dec) 1.2556

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0551 ISK (High: 1.3155 / Low: 1.2603). On the other end, December was the most stable month, with a tight range of 0.0153 ISK (High: 1.2957 / Low: 1.2803).

November Spread (Volatile) ±0.0551

December Spread (Stable) ±0.0153

Growth Streaks & Declines

Trends

Between August and November, 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 February and March, when the average rate fell by 0.0270 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0270

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.3133) against the same month in 2022 (average: 1.2421), the exchange rate shifted by +0.0712 (+5.73%).

2023 Avg (January) 1.3133

2022 Avg (January) 1.2421

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3383	1.2929	1.3133
February	1.3184	1.2883	1.3049
March	1.2927	1.2624	1.2780
April	1.2879	1.2692	1.2768
May	1.2935	1.2694	1.2829
June	1.2902	1.2609	1.2750
July	1.2736	1.2303	1.2516
August	1.2378	1.2116	1.2264
September	1.2417	1.2126	1.2318
October	1.2590	1.2293	1.2488
November	1.3155	1.2603	1.2908
December	1.2957	1.2803	1.2843