2023 RSD to TRY Historical Review

YEARLY HIGH

0.2792 TRY

YEARLY LOW

0.1683 TRY

YEARLY AVERAGE

0.2196 TRY

2023 RSD to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RSD to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.2792. Conversely, the yearly low was recorded on January 5, dropping to 0.1683.

This high-to-low spread represents a total annual volatility of 0.1109 TRY. From a start-to-finish perspective, comparing the January average rate of 0.1726 to the December average rate of 0.2712, the exchange rate registered a net change of 57.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2792 was up 63.55% compared to the 2022 peak of 0.1707, 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 1,396 TRY

2022 Average 740 TRY

Yearly Trough Low 841 TRY

Transaction Impact: A difference of 554.67 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2811

0.1620

JanuMarcMayJulySeptNove

RSD to TRY 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 0.1836, compared to 0.2555 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0719 points.

H1 Avg (Jan–Jun) 0.1836

H2 Avg (Jul–Dec) 0.2555

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0516 TRY (High: 0.2430 / Low: 0.1914). On the other end, September was the most stable month, with a tight range of 0.0030 TRY (High: 0.2474 / Low: 0.2444).

June Spread (Volatile) ±0.0516

September Spread (Stable) ±0.0030

Growth Streaks & Declines

Trends

Between February and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0045 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.2712) against the same month in 2022 (average: 0.1684), the exchange rate shifted by +0.1028 (+61.02%).

2023 Avg (December) 0.2712

2022 Avg (December) 0.1684

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1750	0.1683	0.1726
February	0.1765	0.1697	0.1719
March	0.1783	0.1702	0.1736
April	0.1843	0.1772	0.1809
May	0.1893	0.1811	0.1832
June	0.2430	0.1914	0.2194
July	0.2582	0.2398	0.2498
August	0.2540	0.2385	0.2504
September	0.2474	0.2444	0.2459
October	0.2561	0.2454	0.2513
November	0.2714	0.2559	0.2646
December	0.2792	0.2657	0.2712