2014 AFN to RSD Historical Review

YEARLY HIGH

1.7218 RSD

YEARLY LOW

1.4582 RSD

YEARLY AVERAGE

1.5511 RSD

2014 AFN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AFN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 1.7218. Conversely, the yearly low was recorded on May 6, dropping to 1.4582.

This high-to-low spread represents a total annual volatility of 0.2636 RSD. From a start-to-finish perspective, comparing the January average rate of 1.5060 to the December average rate of 1.7021, the exchange rate registered a net change of 13.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.7218 was up 2.95% compared to the 2013 peak of 1.6725, 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 8,609 RSD

2013 Average 7,784 RSD

Yearly Trough Low 7,291 RSD

Transaction Impact: A difference of 1,317.99 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.7253

1.4466

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 1.4842, compared to 1.6181 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1339 points.

H1 Avg (Jan–Jun) 1.4842

H2 Avg (Jul–Dec) 1.6181

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 0.0727 RSD (High: 1.5496 / Low: 1.4769). On the other end, March was the most stable month, with a tight range of 0.0247 RSD (High: 1.4830 / Low: 1.4583).

July Spread (Volatile) ±0.0727

March Spread (Stable) ±0.0247

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0260 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0260

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.7021) against the same month in 2013 (average: 1.4682), the exchange rate shifted by +0.2339 (+15.93%).

2014 Avg (December) 1.7021

2013 Avg (December) 1.4682

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5245	1.4778	1.5060
February	1.5228	1.4750	1.4958
March	1.4830	1.4583	1.4698
April	1.4901	1.4605	1.4727
May	1.4956	1.4582	1.4813
June	1.4899	1.4650	1.4795
July	1.5496	1.4769	1.5095
August	1.5932	1.5350	1.5659
September	1.6449	1.5945	1.6215
October	1.6636	1.6187	1.6430
November	1.6815	1.6512	1.6667
December	1.7218	1.6741	1.7021