2023 SAR to RSD Historical Review

YEARLY HIGH

29.8703 RSD

YEARLY LOW

27.7922 RSD

YEARLY AVERAGE

28.8981 RSD

2023 SAR to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 29.8703. Conversely, the yearly low was recorded on July 17, dropping to 27.7922.

This high-to-low spread represents a total annual volatility of 2.0781 RSD. From a start-to-finish perspective, comparing the January average rate of 28.9689 to the December average rate of 28.6152, the exchange rate registered a net change of -1.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 29.8703 was down 8.13% compared to the 2022 peak of 32.5125, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SAR based on timing:

Yearly Peak High 149,352 RSD

2022 Average 148,732 RSD

Yearly Trough Low 138,961 RSD

Transaction Impact: A difference of 10,390.67 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

29.7225

28.1339

JanuMarcMayJulySeptNove

SAR to RSD 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 28.9100, compared to 28.8861 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0240 points.

H1 Avg (Jan–Jun) 28.9100

H2 Avg (Jul–Dec) 28.8861

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 1.2615 RSD (High: 29.6717 / Low: 28.4102). On the other end, August was the most stable month, with a tight range of 0.5722 RSD (High: 28.9610 / Low: 28.3888).

February Spread (Volatile) ±1.2615

August Spread (Stable) ±0.5722

Growth Streaks & Declines

Trends

Between July and October, 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 October and November, when the average rate fell by 0.6930 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.6930

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 29.5902) against the same month in 2022 (average: 31.7321), the exchange rate shifted by -2.1419 (-6.75%).

2023 Avg (October) 29.5902

2022 Avg (October) 31.7321

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	29.6766	28.6332	28.9689
February	29.6717	28.4102	29.2264
March	29.6278	28.6637	29.1577
April	28.8381	28.1448	28.4998
May	29.2328	28.2215	28.7778
June	29.2227	28.4452	28.8296
July	28.8050	27.7922	28.2663
August	28.9610	28.3888	28.6579
September	29.7683	28.9747	29.2898
October	29.8703	29.2727	29.5902
November	29.5069	28.4180	28.8971
December	29.0308	28.1287	28.6152