YEARLY HIGH
4.3522 RSD
YEARLY LOW
3.8297 RSD
YEARLY AVERAGE
4.1250 RSD

2021 HNL to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the HNL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 25, valuing the pair at 4.3522. Conversely, the yearly low was recorded on January 6, dropping to 3.8297.

This high-to-low spread represents a total annual volatility of 0.5225 RSD. From a start-to-finish perspective, comparing the January average rate of 3.9921 to the December average rate of 4.2834, the exchange rate registered a net change of 7.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 4.3522 was down 1.73% compared to the 2020 peak of 4.4289, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 21,761 RSD
2020 Average 20,846 RSD
Yearly Trough Low 19,149 RSD
Transaction Impact: A difference of 2,612.31 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

4.3126
3.9630
JanuMarcMayJulySeptNove

HNL 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 4.0415, compared to 4.2084 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1668 points.

H1 Avg (Jan–Jun) 4.0415
H2 Avg (Jul–Dec) 4.2084

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 0.2050 RSD (High: 4.0347 / Low: 3.8297). On the other end, October was the most stable month, with a tight range of 0.0601 RSD (High: 4.2309 / Low: 4.1707).

January Spread (Volatile) ±0.2050
October Spread (Stable) ±0.0601

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0674 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0674

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 4.2686) against the same month in 2020 (average: 4.0674), the exchange rate shifted by +0.2012 (+4.95%).

2021 Avg (November) 4.2686
2020 Avg (November) 4.0674

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 4.0347 3.8297 3.9921
February 4.0469 3.9700 4.0120
March 4.1548 4.0106 4.0811
April 4.1660 4.0214 4.0870
May 4.0634 3.9835 4.0197
June 4.1222 3.9945 4.0573
July 4.2119 4.1169 4.1628
August 4.2385 4.1403 4.1996
September 4.2053 4.1109 4.1423
October 4.2309 4.1707 4.1935
November 4.3522 4.1927 4.2686
December 4.3189 4.2371 4.2834