YEARLY HIGH
7.1712 RSD
YEARLY LOW
6.2496 RSD
YEARLY AVERAGE
6.7360 RSD

2021 SZL to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the SZL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on June 7, valuing the pair at 7.1712. Conversely, the yearly low was recorded on January 11, dropping to 6.2496.

This high-to-low spread represents a total annual volatility of 0.9216 RSD. From a start-to-finish perspective, comparing the January average rate of 6.4124 to the December average rate of 6.5523, the exchange rate registered a net change of 2.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 7.1712 was down 4.63% compared to the 2020 peak of 7.5196, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 35,856 RSD
2020 Average 31,507 RSD
Yearly Trough Low 31,248 RSD
Transaction Impact: A difference of 4,608.03 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

7.1061
6.3493
JanuMarcMayJulySeptNove

SZL 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 6.7224, compared to 6.7496 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0271 points.

H1 Avg (Jan–Jun) 6.7224
H2 Avg (Jul–Dec) 6.7496

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.3962 RSD (High: 6.8261 / Low: 6.4298). On the other end, April was the most stable month, with a tight range of 0.1611 RSD (High: 6.9096 / Low: 6.7485).

November Spread (Volatile) ±0.3962
April Spread (Stable) ±0.1611

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.1812 points.

Longest Streak 5 Mo.
Sharpest MoM Drop -0.1812

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2021: 7.0430) against the same month in 2020 (average: 6.1011), the exchange rate shifted by +0.9419 (+15.44%).

2021 Avg (June) 7.0430
2020 Avg (June) 6.1011

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 6.5794 6.2496 6.4124
February 6.7136 6.4739 6.5843
March 6.7308 6.3826 6.5943
April 6.9096 6.7485 6.8162
May 7.0112 6.7603 6.8844
June 7.1712 6.9109 7.0430
July 6.9679 6.7023 6.8618
August 6.9051 6.5754 6.7467
September 7.0526 6.6876 6.8670
October 6.9762 6.6427 6.8141
November 6.8261 6.4298 6.6555
December 6.6807 6.4249 6.5523