2023 UAH to RSD Historical Review

YEARLY HIGH

3.0669 RSD

YEARLY LOW

2.7666 RSD

YEARLY AVERAGE

2.9466 RSD

2023 UAH to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the UAH to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 13, valuing the pair at 3.0669. Conversely, the yearly low was recorded on December 28, dropping to 2.7666.

This high-to-low spread represents a total annual volatility of 0.3003 RSD. From a start-to-finish perspective, comparing the January average rate of 2.9602 to the December average rate of 2.8865, the exchange rate registered a net change of -2.49% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.0669 was down 22.64% compared to the 2022 peak of 3.9643, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,335 RSD

2022 Average 17,276 RSD

Yearly Trough Low 13,833 RSD

Transaction Impact: A difference of 1,501.55 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.0569

2.8613

JanuMarcMayJulySeptNove

UAH 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 2.9445, compared to 2.9487 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0041 points.

H1 Avg (Jan–Jun) 2.9445

H2 Avg (Jul–Dec) 2.9487

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.1970 RSD (High: 2.9636 / Low: 2.7666). On the other end, August was the most stable month, with a tight range of 0.0582 RSD (High: 2.9409 / Low: 2.8827).

December Spread (Volatile) ±0.1970

August Spread (Stable) ±0.0582

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 November and December, when the average rate fell by 0.1134 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1134

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 3.0406) against the same month in 2022 (average: 3.2314), the exchange rate shifted by -0.1909 (-5.91%).

2023 Avg (October) 3.0406

2022 Avg (October) 3.2314

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.0332	2.9206	2.9602
February	3.0284	2.8867	2.9790
March	3.0129	2.9138	2.9715
April	2.9508	2.8721	2.9037
May	2.9803	2.8657	2.9250
June	2.9678	2.8897	2.9278
July	2.9263	2.8253	2.8776
August	2.9409	2.8827	2.9119
September	3.0208	2.9400	2.9756
October	3.0669	2.9944	3.0406
November	3.0506	2.9325	2.9998
December	2.9636	2.7666	2.8865