2023 TJS to RSD Historical Review

YEARLY HIGH

11.1085 RSD

YEARLY LOW

9.5346 RSD

YEARLY AVERAGE

10.0428 RSD

2023 TJS to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TJS to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 11.1085. Conversely, the yearly low was recorded on July 17, dropping to 9.5346.

This high-to-low spread represents a total annual volatility of 1.5739 RSD. From a start-to-finish perspective, comparing the January average rate of 10.6351 to the December average rate of 9.8121, the exchange rate registered a net change of -7.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 11.1085 was down 10.07% compared to the 2022 peak of 12.3522, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 55,543 RSD

2022 Average 51,457 RSD

Yearly Trough Low 47,673 RSD

Transaction Impact: A difference of 7,869.53 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.7283

9.6100

JanuMarcMayJulySeptNove

TJS 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 10.1947, compared to 9.8910 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3037 points.

H1 Avg (Jan–Jun) 10.1947

H2 Avg (Jul–Dec) 9.8910

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 1.2554 RSD (High: 11.1064 / Low: 9.8509). On the other end, August was the most stable month, with a tight range of 0.1874 RSD (High: 9.8973 / Low: 9.7100).

March Spread (Volatile) ±1.2554

August Spread (Stable) ±0.1874

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 March and April, when the average rate fell by 0.5897 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.5897

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 10.5561) against the same month in 2022 (average: 9.1824), the exchange rate shifted by +1.3737 (+14.96%).

2023 Avg (February) 10.5561

2022 Avg (February) 9.1824

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.9248	10.4661	10.6351
February	11.1085	10.2267	10.5561
March	11.1064	9.8509	10.3909
April	9.9263	9.7138	9.8012
May	10.0467	9.6934	9.8847
June	10.0379	9.7729	9.9000
July	9.8876	9.5346	9.7032
August	9.8973	9.7100	9.7949
September	10.1533	9.8861	10.0036
October	10.1948	10.0043	10.1193
November	10.1101	9.7718	9.9127
December	9.9643	9.6529	9.8121