2023 RSD to TOP Historical Review

YEARLY HIGH

0.0225 TOP

YEARLY LOW

0.0210 TOP

YEARLY AVERAGE

0.0218 TOP

2023 RSD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RSD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 0.0225. Conversely, the yearly low was recorded on January 5, dropping to 0.0210.

This high-to-low spread represents a total annual volatility of 0.0015 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0214 to the December average rate of 0.0219, the exchange rate registered a net change of 2.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0225 was up 1.60% compared to the 2022 peak of 0.0222, 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 113 TOP

2022 Average 104 TOP

Yearly Trough Low 105 TOP

Transaction Impact: A difference of 7.70 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0222

0.0212

JanuMarcMayJulySeptNove

RSD to TOP 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 0.0217, compared to 0.0219 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0217

H2 Avg (Jul–Dec) 0.0219

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0008 TOP (High: 0.0225 / Low: 0.0218). On the other end, August was the most stable month, with a tight range of 0.0003 TOP (High: 0.0222 / Low: 0.0220).

July Spread (Volatile) ±0.0008

August Spread (Stable) ±0.0003

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 0.0004 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0221) against the same month in 2022 (average: 0.0204), the exchange rate shifted by +0.0017 (+8.45%).

2023 Avg (July) 0.0221

2022 Avg (July) 0.0204

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0216	0.0210	0.0214
February	0.0217	0.0211	0.0213
March	0.0219	0.0212	0.0215
April	0.0224	0.0217	0.0220
May	0.0222	0.0216	0.0219
June	0.0221	0.0216	0.0218
July	0.0225	0.0218	0.0221
August	0.0222	0.0220	0.0221
September	0.0220	0.0214	0.0218
October	0.0219	0.0213	0.0216
November	0.0222	0.0217	0.0220
December	0.0221	0.0217	0.0219