2015 AFN to RSD Historical Review

YEARLY HIGH

1.9726 RSD

YEARLY LOW

1.6112 RSD

YEARLY AVERAGE

1.7819 RSD

2015 AFN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the AFN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 1.9726. Conversely, the yearly low was recorded on December 29, dropping to 1.6112.

This high-to-low spread represents a total annual volatility of 0.3614 RSD. From a start-to-finish perspective, comparing the January average rate of 1.8257 to the December average rate of 1.6557, the exchange rate registered a net change of -9.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.9726 was up 14.57% compared to the 2014 peak of 1.7218, 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 9,863 RSD

2014 Average 7,757 RSD

Yearly Trough Low 8,056 RSD

Transaction Impact: A difference of 1,807.00 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.9549

1.6285

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 1.8639, compared to 1.6999 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1640 points.

H1 Avg (Jan–Jun) 1.8639

H2 Avg (Jul–Dec) 1.6999

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.1943 RSD (High: 1.9146 / Low: 1.7203). On the other end, February was the most stable month, with a tight range of 0.0603 RSD (High: 1.9038 / Low: 1.8435).

January Spread (Volatile) ±0.1943

February Spread (Stable) ±0.0603

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0885 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0885

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 1.9277) against the same month in 2014 (average: 1.4698), the exchange rate shifted by +0.4579 (+31.16%).

2015 Avg (March) 1.9277

2014 Avg (March) 1.4698

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9146	1.7203	1.8257
February	1.9038	1.8435	1.8640
March	1.9726	1.8702	1.9277
April	1.9459	1.8553	1.9195
May	1.8942	1.7914	1.8373
June	1.8657	1.7645	1.8095
July	1.8320	1.7709	1.8000
August	1.7907	1.6319	1.7115
September	1.7178	1.6449	1.6765
October	1.7047	1.6272	1.6610
November	1.7253	1.6582	1.6948
December	1.7141	1.6112	1.6557