2023 SBD to RSD Historical Review

YEARLY HIGH

13.4959 RSD

YEARLY LOW

12.4596 RSD

YEARLY AVERAGE

12.9922 RSD

2023 SBD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SBD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 13.4959. Conversely, the yearly low was recorded on July 17, dropping to 12.4596.

This high-to-low spread represents a total annual volatility of 1.0363 RSD. From a start-to-finish perspective, comparing the January average rate of 13.1664 to the December average rate of 12.6911, the exchange rate registered a net change of -3.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.4959 was down 9.92% compared to the 2022 peak of 14.9818, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 67,479 RSD

2022 Average 68,615 RSD

Yearly Trough Low 62,298 RSD

Transaction Impact: A difference of 5,181.26 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.3809

12.6093

JanuMarcMayJulySeptNove

SBD 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 13.1020, compared to 12.8824 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2196 points.

H1 Avg (Jan–Jun) 13.1020

H2 Avg (Jul–Dec) 12.8824

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.5720 RSD (High: 13.1482 / Low: 12.5763). On the other end, August was the most stable month, with a tight range of 0.2518 RSD (High: 12.9777 / Low: 12.7259).

November Spread (Volatile) ±0.5720

August Spread (Stable) ±0.2518

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 March and April, when the average rate fell by 0.4112 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4112

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 13.1664) against the same month in 2022 (average: 12.8602), the exchange rate shifted by +0.3062 (+2.38%).

2023 Avg (January) 13.1664

2022 Avg (January) 12.8602

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.4959	13.0292	13.1664
February	13.4927	12.9304	13.3166
March	13.4864	13.0683	13.3036
April	13.1447	12.6656	12.8924
May	13.1562	12.7541	12.9617
June	13.1436	12.8200	12.9712
July	12.9092	12.4596	12.6736
August	12.9777	12.7259	12.8453
September	13.3403	12.9552	13.0783
October	13.3275	13.0524	13.1608
November	13.1482	12.5763	12.8453
December	12.8757	12.4971	12.6911