2023 SEK to RSD Historical Review

YEARLY HIGH

10.6510 RSD

YEARLY LOW

9.8136 RSD

YEARLY AVERAGE

10.2212 RSD

2023 SEK to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SEK to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 10.6510. Conversely, the yearly low was recorded on August 20, dropping to 9.8136.

This high-to-low spread represents a total annual volatility of 0.8374 RSD. From a start-to-finish perspective, comparing the January average rate of 10.4726 to the December average rate of 10.4804, the exchange rate registered a net change of 0.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.6510 was down 7.39% compared to the 2022 peak of 11.5006, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 53,255 RSD

2022 Average 55,248 RSD

Yearly Trough Low 49,068 RSD

Transaction Impact: A difference of 4,186.96 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.5443

9.8460

JanuMarcMayJulySeptNove

SEK 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 10.3426, compared to 10.0999 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2427 points.

H1 Avg (Jan–Jun) 10.3426

H2 Avg (Jul–Dec) 10.0999

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.4402 RSD (High: 10.4933 / Low: 10.0531). On the other end, January was the most stable month, with a tight range of 0.2148 RSD (High: 10.5640 / Low: 10.3492).

May Spread (Volatile) ±0.4402

January Spread (Stable) ±0.2148

Growth Streaks & Declines

Trends

Between September and December, 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 May and June, when the average rate fell by 0.2529 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.2529

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 10.4804) against the same month in 2022 (average: 10.6582), the exchange rate shifted by -0.1778 (-1.67%).

2023 Avg (December) 10.4804

2022 Avg (December) 10.6582

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.5640	10.3492	10.4726
February	10.6391	10.2711	10.4861
March	10.5536	10.2276	10.4183
April	10.4263	10.2062	10.3318
May	10.4933	10.0531	10.2998
June	10.1654	9.9279	10.0469
July	10.2430	9.8473	10.0729
August	10.0805	9.8136	9.9232
September	10.1624	9.8145	9.9042
October	10.1835	9.8633	10.0677
November	10.3328	9.9183	10.1510
December	10.6510	10.3168	10.4804