2022 TOP to RSD Historical Review

YEARLY HIGH

50.4949 RSD

YEARLY LOW

45.0559 RSD

YEARLY AVERAGE

47.8878 RSD

2022 TOP to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the TOP to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 23, valuing the pair at 50.4949. Conversely, the yearly low was recorded on January 13, dropping to 45.0559.

This high-to-low spread represents a total annual volatility of 5.4390 RSD. From a start-to-finish perspective, comparing the January average rate of 45.6370 to the December average rate of 47.2065, the exchange rate registered a net change of 3.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 50.4949 was up 9.19% compared to the 2021 peak of 46.2464, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 252,474 RSD

2021 Average 219,492 RSD

Yearly Trough Low 225,280 RSD

Transaction Impact: A difference of 27,194.76 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

50.0681

45.2342

JanuMarcMayJulySeptNove

TOP 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 47.0282, compared to 48.7473 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.7191 points.

H1 Avg (Jan–Jun) 47.0282

H2 Avg (Jul–Dec) 48.7473

Volatility Range Comparison

Volatility

The most volatile month in 2022 was November, with a trading range of 2.4785 RSD (High: 49.7928 / Low: 47.3143). On the other end, February was the most stable month, with a tight range of 0.9850 RSD (High: 46.1983 / Low: 45.2133).

November Spread (Volatile) ±2.4785

February Spread (Stable) ±0.9850

Growth Streaks & Declines

Trends

Between January and April, 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 October and November, when the average rate fell by 0.8863 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.8863

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2022: 49.6652) against the same month in 2021 (average: 44.3205), the exchange rate shifted by +5.3447 (+12.06%).

2022 Avg (September) 49.6652

2021 Avg (September) 44.3205

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	46.3991	45.0559	45.6370
February	46.1983	45.2133	45.7215
March	47.7778	46.3392	47.2240
April	48.5847	47.3636	47.9646
May	48.4827	47.2918	47.8478
June	48.3463	47.3463	47.7743
July	49.7068	48.0210	48.9680
August	50.4150	48.7298	49.5879
September	50.4949	48.9300	49.6652
October	49.5079	47.9303	48.9712
November	49.7928	47.3143	48.0849
December	47.7401	46.7446	47.2065