2024 TOP to RSD Historical Review

YEARLY HIGH

47.2139 RSD

YEARLY LOW

44.3920 RSD

YEARLY AVERAGE

45.6873 RSD

2024 TOP to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TOP to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 47.2139. Conversely, the yearly low was recorded on August 25, dropping to 44.3920.

This high-to-low spread represents a total annual volatility of 2.8219 RSD. From a start-to-finish perspective, comparing the January average rate of 45.6179 to the December average rate of 46.6435, the exchange rate registered a net change of 2.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 47.2139 was down 0.81% compared to the 2023 peak of 47.5989, 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 236,069 RSD

2023 Average 229,471 RSD

Yearly Trough Low 221,960 RSD

Transaction Impact: A difference of 14,109.25 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

46.8177

44.7270

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 45.7805, compared to 45.5941 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1864 points.

H1 Avg (Jan–Jun) 45.7805

H2 Avg (Jul–Dec) 45.5941

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 1.8961 RSD (High: 46.8704 / Low: 44.9743). On the other end, January was the most stable month, with a tight range of 0.4944 RSD (High: 45.9348 / Low: 45.4403).

November Spread (Volatile) ±1.8961

January Spread (Stable) ±0.4944

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.6810 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.6810

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 46.6435) against the same month in 2023 (average: 45.6765), the exchange rate shifted by +0.9670 (+2.12%).

2024 Avg (December) 46.6435

2023 Avg (December) 45.6765

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	45.9348	45.4403	45.6179
February	46.2461	45.4095	45.8546
March	45.9352	45.1638	45.5210
April	46.2682	45.2625	45.8177
May	45.9736	45.4111	45.7515
June	46.4274	45.4705	46.1205
July	46.1558	45.1927	45.5822
August	45.5936	44.3920	44.9012
September	45.2642	44.6985	44.9307
October	45.7558	45.1094	45.4586
November	46.8704	44.9743	46.0484
December	47.2139	46.1364	46.6435