YEARLY HIGH
218.8888 STD
YEARLY LOW
198.8890 STD
YEARLY AVERAGE
208.4449 STD

2023 RSD to STD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the RSD to STD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 218.8888. Conversely, the yearly low was recorded on October 3, dropping to 198.8890.

This high-to-low spread represents a total annual volatility of 19.9998 STD. From a start-to-finish perspective, comparing the January average rate of 209.7721 to the December average rate of 207.6080, the exchange rate registered a net change of -1.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 218.8888 was up 3.60% compared to the 2022 peak of 211.2829, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,094,444 STD
2022 Average 993,542 STD
Yearly Trough Low 994,445 STD
Transaction Impact: A difference of 99,998.89 STD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

216.0351
199.3754
JanuMarcMayJulySeptNove

RSD to STD 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 210.4261, compared to 206.4636 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.9626 points.

H1 Avg (Jan–Jun) 210.4261
H2 Avg (Jul–Dec) 206.4636

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 9.9839 STD (High: 218.8888 / Low: 208.9049). On the other end, October was the most stable month, with a tight range of 4.0270 STD (High: 202.9160 / Low: 198.8890).

July Spread (Volatile) ±9.9839
October Spread (Stable) ±4.0270

Growth Streaks & Declines

Trends

Between February and April, 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 July and August, when the average rate fell by 7.3642 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -7.3642

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 214.6468) against the same month in 2022 (average: 193.5542), the exchange rate shifted by +21.0926 (+10.90%).

2023 Avg (July) 214.6468
2022 Avg (July) 193.5542

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 212.3239 204.6261 209.7721
February 214.0964 205.1576 208.1829
March 212.1437 205.2273 208.4904
April 216.2014 210.9215 213.5036
May 215.6249 208.1612 211.5005
June 213.8880 208.2760 211.1074
July 218.8888 208.9049 214.6468
August 209.2177 205.1411 207.2826
September 205.0372 199.5647 202.8403
October 202.9160 198.8890 200.7637
November 209.0497 201.2937 205.6402
December 211.2459 204.6523 207.6080