YEARLY HIGH
76.7878 RSD
YEARLY LOW
72.2991 RSD
YEARLY AVERAGE
74.0021 RSD

2021 BND to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the BND to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 22, valuing the pair at 76.7878. Conversely, the yearly low was recorded on January 7, dropping to 72.2991.

This high-to-low spread represents a total annual volatility of 4.4887 RSD. From a start-to-finish perspective, comparing the January average rate of 72.9466 to the December average rate of 76.2976, the exchange rate registered a net change of 4.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 76.7878 was down 2.64% compared to the 2020 peak of 78.8696, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 383,939 RSD
2020 Average 373,821 RSD
Yearly Trough Low 361,496 RSD
Transaction Impact: A difference of 22,443.49 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

76.6433
72.4958
JanuMarcMayJulySeptNove

BND 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 73.2611, compared to 74.7431 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4820 points.

H1 Avg (Jan–Jun) 73.2611
H2 Avg (Jul–Dec) 74.7431

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 1.5864 RSD (High: 76.7878 / Low: 75.2014). On the other end, February was the most stable month, with a tight range of 0.6444 RSD (High: 73.6524 / Low: 73.0079).

November Spread (Volatile) ±1.5864
February Spread (Stable) ±0.6444

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.8781 points.

Longest Streak 7 Mo.
Sharpest MoM Drop -0.8781

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 75.9555) against the same month in 2020 (average: 73.6575), the exchange rate shifted by +2.2980 (+3.12%).

2021 Avg (November) 75.9555
2020 Avg (November) 73.6575

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 73.6658 72.2991 72.9466
February 73.6524 73.0079 73.2600
March 74.5189 73.1641 73.6218
April 74.4033 73.1734 73.7195
May 73.3853 72.3065 72.8414
June 73.5648 72.7388 73.1774
July 73.8534 72.9354 73.4024
August 74.0882 73.0143 73.7198
September 74.6309 73.6563 74.0892
October 75.2193 74.5640 74.9941
November 76.7878 75.2014 75.9555
December 76.7705 75.9145 76.2976