2023 TND to RSD Historical Review

YEARLY HIGH

35.7556 RSD

YEARLY LOW

34.0805 RSD

YEARLY AVERAGE

34.9350 RSD

2023 TND to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TND to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 4, valuing the pair at 35.7556. Conversely, the yearly low was recorded on April 22, dropping to 34.0805.

This high-to-low spread represents a total annual volatility of 1.6752 RSD. From a start-to-finish perspective, comparing the January average rate of 35.2042 to the December average rate of 34.6366, the exchange rate registered a net change of -1.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 35.7556 was down 7.74% compared to the 2022 peak of 38.7565, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 178,778 RSD

2022 Average 181,179 RSD

Yearly Trough Low 170,402 RSD

Transaction Impact: A difference of 8,375.84 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

35.3511

34.4998

JanuMarcMayJulySeptNove

TND 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 35.1046, compared to 34.7654 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3392 points.

H1 Avg (Jan–Jun) 35.1046

H2 Avg (Jul–Dec) 34.7654

Volatility Range Comparison

Volatility

The most volatile month in 2023 was April, with a trading range of 1.4160 RSD (High: 35.4964 / Low: 34.0805). On the other end, October was the most stable month, with a tight range of 0.5326 RSD (High: 35.2134 / Low: 34.6808).

April Spread (Volatile) ±1.4160

October Spread (Stable) ±0.5326

Growth Streaks & Declines

Trends

Between July and September, 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 June and July, when the average rate fell by 0.3807 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.3807

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 35.2802) against the same month in 2022 (average: 35.9988), the exchange rate shifted by -0.7186 (-2.00%).

2023 Avg (February) 35.2802

2022 Avg (February) 35.9988

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	35.6871	34.7884	35.2042
February	35.7556	34.9297	35.2802
March	35.6882	34.5179	35.0782
April	35.4964	34.0805	34.9204
May	35.4975	34.8299	35.1934
June	35.4124	34.5710	34.9514
July	34.9350	34.1471	34.5707
August	35.1224	34.4919	34.7765
September	35.3617	34.8038	35.0088
October	35.2134	34.6808	34.9819
November	35.0707	34.3060	34.6178
December	35.0438	34.2665	34.6366