YEARLY HIGH
61.7061 RSD
YEARLY LOW
56.0294 RSD
YEARLY AVERAGE
58.4654 RSD

2021 AZN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the AZN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 61.7061. Conversely, the yearly low was recorded on January 6, dropping to 56.0294.

This high-to-low spread represents a total annual volatility of 5.6767 RSD. From a start-to-finish perspective, comparing the January average rate of 56.9003 to the December average rate of 61.1652, the exchange rate registered a net change of 7.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 61.7061 was down 4.74% compared to the 2020 peak of 64.7753, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 308,530 RSD
2020 Average 302,933 RSD
Yearly Trough Low 280,147 RSD
Transaction Impact: A difference of 28,383.62 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

61.5917
56.4738
JanuMarcMayJulySeptNove

AZN 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 57.3950, compared to 59.5359 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.1409 points.

H1 Avg (Jan–Jun) 57.3950
H2 Avg (Jul–Dec) 59.5359

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 2.1079 RSD (High: 61.7061 / Low: 59.5982). On the other end, October was the most stable month, with a tight range of 0.5470 RSD (High: 59.8367 / Low: 59.2896).

November Spread (Volatile) ±2.1079
October Spread (Stable) ±0.5470

Growth Streaks & Declines

Trends

Between May and August, 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 0.9419 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.9419

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 60.6346) against the same month in 2020 (average: 58.3019), the exchange rate shifted by +2.3327 (+4.00%).

2021 Avg (November) 60.6346
2020 Avg (November) 58.3019

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 57.2670 56.0294 56.9003
February 57.7184 56.8099 57.1816
March 58.9280 57.3201 58.0924
April 58.9092 57.0244 57.8814
May 57.5639 56.4288 56.9395
June 58.1086 56.5770 57.3749
July 58.7435 57.9477 58.4319
August 59.2099 58.0814 58.7294
September 59.7477 58.2269 58.6905
October 59.8367 59.2896 59.5637
November 61.7061 59.5982 60.6346
December 61.5287 60.8148 61.1652