2013 AFN to RSD Historical Review

YEARLY HIGH

1.6725 RSD

YEARLY LOW

1.4330 RSD

YEARLY AVERAGE

1.5571 RSD

2013 AFN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the AFN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 1.6725. Conversely, the yearly low was recorded on December 10, dropping to 1.4330.

This high-to-low spread represents a total annual volatility of 0.2395 RSD. From a start-to-finish perspective, comparing the January average rate of 1.6385 to the December average rate of 1.4682, the exchange rate registered a net change of -10.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 1.6725 was down 17.25% compared to the 2012 peak of 2.0210, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,363 RSD

2012 Average 8,969 RSD

Yearly Trough Low 7,165 RSD

Transaction Impact: A difference of 1,197.48 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

1.6555

1.4512

JanuMarcMayJulySeptNove

AFN 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 1.6077, compared to 1.5065 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1011 points.

H1 Avg (Jan–Jun) 1.6077

H2 Avg (Jul–Dec) 1.5065

Volatility Range Comparison

Volatility

The most volatile month in 2013 was December, with a trading range of 0.0950 RSD (High: 1.5280 / Low: 1.4330). On the other end, August was the most stable month, with a tight range of 0.0267 RSD (High: 1.5443 / Low: 1.5176).

December Spread (Volatile) ±0.0950

August Spread (Stable) ±0.0267

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2013. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0490 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0490

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2013: 1.6385) against the same month in 2012 (average: 1.7636), the exchange rate shifted by -0.1251 (-7.09%).

2013 Avg (January) 1.6385

2012 Avg (January) 1.7636

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6725	1.6025	1.6385
February	1.6286	1.5886	1.6106
March	1.6474	1.6057	1.6238
April	1.6411	1.5747	1.6015
May	1.6133	1.5664	1.5921
June	1.6033	1.5531	1.5797
July	1.6027	1.5199	1.5547
August	1.5443	1.5176	1.5300
September	1.5529	1.4952	1.5293
October	1.5144	1.4516	1.4803
November	1.4923	1.4373	1.4768
December	1.5280	1.4330	1.4682