YEARLY HIGH
0.6937 RSD
YEARLY LOW
0.6311 RSD
YEARLY AVERAGE
0.6603 RSD

2021 JMD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the JMD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.6937. Conversely, the yearly low was recorded on May 1, dropping to 0.6311.

This high-to-low spread represents a total annual volatility of 0.0625 RSD. From a start-to-finish perspective, comparing the January average rate of 0.6713 to the December average rate of 0.6737, the exchange rate registered a net change of 0.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.6937 was down 14.84% compared to the 2020 peak of 0.8146, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,468 RSD
2020 Average 3,640 RSD
Yearly Trough Low 3,156 RSD
Transaction Impact: A difference of 312.67 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.6773
0.6394
JanuMarcMayJulySeptNove

JMD 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 0.6574, compared to 0.6632 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0058 points.

H1 Avg (Jan–Jun) 0.6574
H2 Avg (Jul–Dec) 0.6632

Volatility Range Comparison

Volatility

The most volatile month in 2021 was April, with a trading range of 0.0560 RSD (High: 0.6875 / Low: 0.6315). On the other end, December was the most stable month, with a tight range of 0.0113 RSD (High: 0.6795 / Low: 0.6682).

April Spread (Volatile) ±0.0560
December Spread (Stable) ±0.0113

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0220 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0220

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2021: 0.6742) against the same month in 2020 (average: 0.6919), the exchange rate shifted by -0.0177 (-2.56%).

2021 Avg (October) 0.6742
2020 Avg (October) 0.6919

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 0.6779 0.6616 0.6713
February 0.6661 0.6379 0.6493
March 0.6891 0.6474 0.6704
April 0.6875 0.6315 0.6585
May 0.6486 0.6311 0.6426
June 0.6584 0.6448 0.6524
July 0.6666 0.6384 0.6504
August 0.6580 0.6370 0.6491
September 0.6889 0.6549 0.6683
October 0.6937 0.6560 0.6742
November 0.6723 0.6539 0.6634
December 0.6795 0.6682 0.6737