2023 RSD to NOK Historical Review

YEARLY HIGH

0.1024 NOK

YEARLY LOW

0.0894 NOK

YEARLY AVERAGE

0.0974 NOK

2023 RSD to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RSD to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on May 30, valuing the pair at 0.1024. Conversely, the yearly low was recorded on January 1, dropping to 0.0894.

This high-to-low spread represents a total annual volatility of 0.0130 NOK. From a start-to-finish perspective, comparing the January average rate of 0.0912 to the December average rate of 0.0980, the exchange rate registered a net change of 7.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1024 was up 12.59% compared to the 2022 peak of 0.0909, 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 512 NOK

2022 Average 430 NOK

Yearly Trough Low 447 NOK

Transaction Impact: A difference of 64.87 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1016

0.0903

JanuMarcMayJulySeptNove

RSD to NOK 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 0.0965, compared to 0.0983 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.0965

H2 Avg (Jul–Dec) 0.0983

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.0057 NOK (High: 0.1010 / Low: 0.0953). On the other end, February was the most stable month, with a tight range of 0.0022 NOK (High: 0.0945 / Low: 0.0923).

December Spread (Volatile) ±0.0057

February Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0028 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.1002) against the same month in 2022 (average: 0.0864), the exchange rate shifted by +0.0138 (+16.01%).

2023 Avg (May) 0.1002

2022 Avg (May) 0.0864

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0924	0.0894	0.0912
February	0.0945	0.0923	0.0935
March	0.0983	0.0943	0.0962
April	0.1011	0.0956	0.0983
May	0.1024	0.0983	0.1002
June	0.1015	0.0980	0.0998
July	0.1001	0.0949	0.0970
August	0.0990	0.0952	0.0974
September	0.0986	0.0962	0.0977
October	0.1011	0.0967	0.0991
November	0.1023	0.0994	0.1006
December	0.1010	0.0953	0.0980