2023 RSD to UZS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 RSD to UZS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the RSD to UZS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 117.2449. Conversely, the yearly low was recorded on January 3, dropping to 101.1331.
This high-to-low spread represents a total annual volatility of 16.1118 UZS. From a start-to-finish perspective, comparing the January average rate of 103.8911 to the December average rate of 115.1079, the exchange rate registered a net change of 10.80% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 117.2449 was up 7.87% compared to the 2022 peak of 108.6914, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 RSD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
RSD to UZS Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 105.0120, compared to 111.5371 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.5251 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was November, with a trading range of 4.8899 UZS (High: 115.5291 / Low: 110.6392). On the other end, October was the most stable month, with a tight range of 2.2585 UZS (High: 111.3059 / Low: 109.0474).
Growth Streaks & Declines
TrendsBetween May and August, 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 September and October, when the average rate fell by 0.6896 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2023: 115.1079) against the same month in 2022 (average: 101.5892), the exchange rate shifted by +13.5187 (+13.31%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 105.1598 | 101.1331 | 103.8911 |
| February | 105.8038 | 101.9787 | 103.4160 |
| March | 106.2944 | 102.2672 | 103.9705 |
| April | 107.7487 | 105.2968 | 106.6951 |
| May | 108.1242 | 104.0373 | 106.0292 |
| June | 107.7999 | 104.4340 | 106.0704 |
| July | 111.3178 | 106.6204 | 109.1864 |
| August | 113.1989 | 108.6654 | 110.8527 |
| September | 111.5819 | 109.2995 | 110.7506 |
| October | 111.3059 | 109.0474 | 110.0610 |
| November | 115.5291 | 110.6392 | 113.2640 |
| December | 117.2449 | 113.1780 | 115.1079 |