2023 RSD to ZAR Historical Review

YEARLY HIGH

0.1809 ZAR

YEARLY LOW

0.1527 ZAR

YEARLY AVERAGE

0.1702 ZAR

2023 RSD to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RSD to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on May 25, valuing the pair at 0.1809. Conversely, the yearly low was recorded on January 4, dropping to 0.1527.

This high-to-low spread represents a total annual volatility of 0.0282 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.1570 to the December average rate of 0.1733, the exchange rate registered a net change of 10.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1809 was up 13.26% compared to the 2022 peak of 0.1597, 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 904 ZAR

2022 Average 733 ZAR

Yearly Trough Low 763 ZAR

Transaction Impact: A difference of 141.11 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1790

0.1550

JanuMarcMayJulySeptNove

RSD to ZAR 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 0.1679, compared to 0.1725 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0046 points.

H1 Avg (Jan–Jun) 0.1679

H2 Avg (Jul–Dec) 0.1725

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0134 ZAR (High: 0.1790 / Low: 0.1655). On the other end, December was the most stable month, with a tight range of 0.0055 ZAR (High: 0.1761 / Low: 0.1705).

July Spread (Volatile) ±0.0134

December Spread (Stable) ±0.0055

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 May and June, when the average rate fell by 0.0037 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0037

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 0.1770) against the same month in 2022 (average: 0.1430), the exchange rate shifted by +0.0339 (+23.71%).

2023 Avg (May) 0.1770

2022 Avg (May) 0.1430

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1611	0.1527	0.1570
February	0.1666	0.1587	0.1635
March	0.1726	0.1644	0.1669
April	0.1733	0.1644	0.1699
May	0.1809	0.1718	0.1770
June	0.1801	0.1694	0.1733
July	0.1790	0.1655	0.1718
August	0.1781	0.1713	0.1747
September	0.1761	0.1696	0.1727
October	0.1750	0.1683	0.1715
November	0.1758	0.1667	0.1711
December	0.1761	0.1705	0.1733