2023 RSD to SGD Historical Review

YEARLY HIGH

0.0127 SGD

YEARLY LOW

0.0121 SGD

YEARLY AVERAGE

0.0124 SGD

2023 RSD to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RSD to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 0.0127. Conversely, the yearly low was recorded on January 5, dropping to 0.0121.

This high-to-low spread represents a total annual volatility of 0.0006 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0122 to the December average rate of 0.0124, the exchange rate registered a net change of 1.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0127 was down 3.28% compared to the 2022 peak of 0.0131, 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 63 SGD

2022 Average 62 SGD

Yearly Trough Low 60 SGD

Transaction Impact: A difference of 3.06 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0126

0.0121

JanuMarcMayJulySeptNove

RSD to SGD 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 0.0123, compared to 0.0125 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0123

H2 Avg (Jul–Dec) 0.0125

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 0.0003 SGD (High: 0.0126 / Low: 0.0123). On the other end, February was the most stable month, with a tight range of 0.0001 SGD (High: 0.0122 / Low: 0.0121).

April Spread (Volatile) ±0.0003

February Spread (Stable) ±0.0001

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 0.0002 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0126) against the same month in 2022 (average: 0.0121), the exchange rate shifted by +0.0005 (+3.95%).

2023 Avg (July) 0.0126

2022 Avg (July) 0.0121

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0122	0.0121	0.0122
February	0.0122	0.0121	0.0122
March	0.0123	0.0122	0.0122
April	0.0126	0.0123	0.0125
May	0.0126	0.0123	0.0124
June	0.0126	0.0123	0.0125
July	0.0127	0.0125	0.0126
August	0.0126	0.0125	0.0126
September	0.0125	0.0123	0.0124
October	0.0124	0.0122	0.0123
November	0.0125	0.0123	0.0124
December	0.0125	0.0123	0.0124