2023 SYP to RSD Historical Review

YEARLY HIGH

0.0446 RSD

YEARLY LOW

0.0415 RSD

YEARLY AVERAGE

0.0431 RSD

2023 SYP to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SYP to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.0446. Conversely, the yearly low was recorded on July 17, dropping to 0.0415.

This high-to-low spread represents a total annual volatility of 0.0031 RSD. From a start-to-finish perspective, comparing the January average rate of 0.0433 to the December average rate of 0.0427, the exchange rate registered a net change of -1.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0446 was down 8.40% compared to the 2022 peak of 0.0487, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 223 RSD

2022 Average 222 RSD

Yearly Trough Low 208 RSD

Transaction Impact: A difference of 15.44 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0444

0.0420

JanuMarcMayJulySeptNove

SYP 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 0.0432, compared to 0.0431 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0432

H2 Avg (Jul–Dec) 0.0431

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0018 RSD (High: 0.0443 / Low: 0.0424). On the other end, August was the most stable month, with a tight range of 0.0008 RSD (High: 0.0432 / Low: 0.0424).

February Spread (Volatile) ±0.0018

August Spread (Stable) ±0.0008

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 0.0010 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0442) against the same month in 2022 (average: 0.0475), the exchange rate shifted by -0.0033 (-6.94%).

2023 Avg (October) 0.0442

2022 Avg (October) 0.0475

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0444	0.0428	0.0433
February	0.0443	0.0424	0.0436
March	0.0443	0.0428	0.0436
April	0.0431	0.0420	0.0425
May	0.0436	0.0421	0.0430
June	0.0436	0.0425	0.0430
July	0.0430	0.0415	0.0422
August	0.0432	0.0424	0.0428
September	0.0444	0.0433	0.0437
October	0.0446	0.0437	0.0442
November	0.0441	0.0424	0.0431
December	0.0433	0.0420	0.0427