YEARLY HIGH
3.7776 RSD
YEARLY LOW
3.4008 RSD
YEARLY AVERAGE
3.5626 RSD

2021 TWD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TWD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 24, valuing the pair at 3.7776. Conversely, the yearly low was recorded on January 6, dropping to 3.4008.

This high-to-low spread represents a total annual volatility of 0.3768 RSD. From a start-to-finish perspective, comparing the January average rate of 3.4574 to the December average rate of 3.7535, the exchange rate registered a net change of 8.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2021 high of 3.7776 was up 3.74% compared to the 2020 peak of 3.6415, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 18,888 RSD
2020 Average 17,511 RSD
Yearly Trough Low 17,004 RSD
Transaction Impact: A difference of 1,883.96 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

3.7832
3.4278
JanuMarcMayJulySeptNove

TWD 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 3.4861, compared to 3.6392 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1531 points.

H1 Avg (Jan–Jun) 3.4861
H2 Avg (Jul–Dec) 3.6392

Volatility Range Comparison

Volatility

The most volatile month in 2021 was November, with a trading range of 0.1412 RSD (High: 3.7776 / Low: 3.6364). On the other end, December was the most stable month, with a tight range of 0.0356 RSD (High: 3.7656 / Low: 3.7300).

November Spread (Volatile) ±0.1412
December Spread (Stable) ±0.0356

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 March and April, when the average rate fell by 0.0121 points.

Longest Streak 7 Mo.
Sharpest MoM Drop -0.0121

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2021: 3.7092) against the same month in 2020 (average: 3.4779), the exchange rate shifted by +0.2313 (+6.65%).

2021 Avg (November) 3.7092
2020 Avg (November) 3.4779

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 3.4938 3.4008 3.4574
February 3.5132 3.4449 3.4821
March 3.5285 3.4645 3.4982
April 3.5235 3.4601 3.4861
May 3.5242 3.4359 3.4757
June 3.5508 3.4698 3.5170
July 3.5693 3.5333 3.5526
August 3.6110 3.5357 3.5855
September 3.6516 3.5852 3.6037
October 3.6549 3.6136 3.6304
November 3.7776 3.6364 3.7092
December 3.7656 3.7300 3.7535