2023 SGD to RSD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 SGD to RSD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the SGD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 82.8878. Conversely, the yearly low was recorded on July 17, dropping to 78.8827.
This high-to-low spread represents a total annual volatility of 4.0050 RSD. From a start-to-finish perspective, comparing the January average rate of 82.1440 to the December average rate of 80.6186, the exchange rate registered a net change of -1.86% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 82.8878 was down 2.49% compared to the 2022 peak of 85.0054, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 SGD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
SGD to RSD 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 81.1919, compared to 80.2714 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9205 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was April, with a trading range of 2.2476 RSD (High: 81.3119 / Low: 79.0643). On the other end, February was the most stable month, with a tight range of 0.9231 RSD (High: 82.5911 / Low: 81.6680).
Growth Streaks & Declines
TrendsBetween 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 1.3846 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 82.1440) against the same month in 2022 (average: 76.8860), the exchange rate shifted by +5.2580 (+6.84%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 82.8878 | 81.7098 | 82.1440 |
| February | 82.5911 | 81.6680 | 82.2464 |
| March | 82.1795 | 81.0149 | 81.6463 |
| April | 81.3119 | 79.0643 | 80.2618 |
| May | 81.1376 | 79.6469 | 80.5427 |
| June | 81.3134 | 79.2681 | 80.3101 |
| July | 80.2066 | 78.8827 | 79.4130 |
| August | 80.1246 | 79.1180 | 79.5684 |
| September | 81.3251 | 80.1490 | 80.5748 |
| October | 81.7632 | 80.3404 | 81.0775 |
| November | 81.0097 | 79.8349 | 80.3758 |
| December | 81.1904 | 79.9257 | 80.6186 |