2016 AFN to RSD Historical Review

YEARLY HIGH

1.7941 RSD

YEARLY LOW

1.5595 RSD

YEARLY AVERAGE

1.6415 RSD

2016 AFN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the AFN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 1.7941. Conversely, the yearly low was recorded on May 4, dropping to 1.5595.

This high-to-low spread represents a total annual volatility of 0.2346 RSD. From a start-to-finish perspective, comparing the January average rate of 1.6450 to the December average rate of 1.7614, the exchange rate registered a net change of 7.08% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.7941 was down 9.05% compared to the 2015 peak of 1.9726, 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 8,970 RSD

2015 Average 8,907 RSD

Yearly Trough Low 7,798 RSD

Transaction Impact: A difference of 1,172.81 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.7793

1.5644

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 1.6036, compared to 1.6795 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0759 points.

H1 Avg (Jan–Jun) 1.6036

H2 Avg (Jul–Dec) 1.6795

Volatility Range Comparison

Volatility

The most volatile month in 2016 was August, with a trading range of 0.0911 RSD (High: 1.6923 / Low: 1.6012). On the other end, July was the most stable month, with a tight range of 0.0260 RSD (High: 1.6331 / Low: 1.6072).

August Spread (Volatile) ±0.0911

July Spread (Stable) ±0.0260

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0388 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0388

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 1.7614) against the same month in 2015 (average: 1.6557), the exchange rate shifted by +0.1057 (+6.39%).

2016 Avg (December) 1.7614

2015 Avg (December) 1.6557

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6604	1.6276	1.6450
February	1.6465	1.5767	1.6062
March	1.6542	1.5739	1.6150
April	1.6001	1.5654	1.5823
May	1.6118	1.5595	1.5847
June	1.6294	1.5668	1.5885
July	1.6331	1.6072	1.6214
August	1.6923	1.6012	1.6337
September	1.6701	1.6271	1.6481
October	1.7154	1.6624	1.6931
November	1.7499	1.6781	1.7190
December	1.7941	1.7215	1.7614