YEARLY HIGH
1.3637 RSD
YEARLY LOW
1.2621 RSD
YEARLY AVERAGE
1.3133 RSD

2023 BTN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BTN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 1.3637. Conversely, the yearly low was recorded on July 13, dropping to 1.2621.

This high-to-low spread represents a total annual volatility of 0.1016 RSD. From a start-to-finish perspective, comparing the January average rate of 1.3298 to the December average rate of 1.2882, the exchange rate registered a net change of -3.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.3637 was down 9.02% compared to the 2022 peak of 1.4989, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,818 RSD
2022 Average 7,106 RSD
Yearly Trough Low 6,311 RSD
Transaction Impact: A difference of 507.83 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.3394
1.2835
JanuMarcMayJulySeptNove

BTN 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 1.3203, compared to 1.3064 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0139 points.

H1 Avg (Jan–Jun) 1.3203
H2 Avg (Jul–Dec) 1.3064

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0572 RSD (High: 1.3637 / Low: 1.3065). On the other end, October was the most stable month, with a tight range of 0.0251 RSD (High: 1.3458 / Low: 1.3208).

March Spread (Volatile) ±0.0572
October Spread (Stable) ±0.0251

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 0.0322 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -0.0322

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 1.3318) against the same month in 2022 (average: 1.4028), the exchange rate shifted by -0.0710 (-5.06%).

2023 Avg (March) 1.3318
2022 Avg (March) 1.4028

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.3480 1.3171 1.3298
February 1.3449 1.3005 1.3275
March 1.3637 1.3065 1.3318
April 1.3199 1.2934 1.3054
May 1.3260 1.2960 1.3116
June 1.3287 1.3016 1.3155
July 1.3178 1.2621 1.2914
August 1.3161 1.2859 1.2982
September 1.3404 1.3134 1.3234
October 1.3458 1.3208 1.3348
November 1.3291 1.2798 1.3026
December 1.3056 1.2655 1.2882