2018 AFN to RSD Historical Review

YEARLY HIGH

1.6199 RSD

YEARLY LOW

1.3242 RSD

YEARLY AVERAGE

1.3843 RSD

2018 AFN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the AFN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 1.6199. Conversely, the yearly low was recorded on September 20, dropping to 1.3242.

This high-to-low spread represents a total annual volatility of 0.2958 RSD. From a start-to-finish perspective, comparing the January average rate of 1.3931 to the December average rate of 1.3753, the exchange rate registered a net change of -1.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.6199 was down 8.61% compared to the 2017 peak of 1.7725, 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 8,100 RSD

2017 Average 7,929 RSD

Yearly Trough Low 6,621 RSD

Transaction Impact: A difference of 1,478.87 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.4147

1.3486

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 1.3911, compared to 1.3776 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0135 points.

H1 Avg (Jan–Jun) 1.3911

H2 Avg (Jul–Dec) 1.3776

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 0.2613 RSD (High: 1.6199 / Low: 1.3586). On the other end, December was the most stable month, with a tight range of 0.0221 RSD (High: 1.3882 / Low: 1.3662).

November Spread (Volatile) ±0.2613

December Spread (Stable) ±0.0221

Growth Streaks & Declines

Trends

Between April and June, 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 August and September, when the average rate fell by 0.0531 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0531

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 1.3825) against the same month in 2017 (average: 1.4735), the exchange rate shifted by -0.0910 (-6.17%).

2018 Avg (November) 1.3825

2017 Avg (November) 1.4735

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4242	1.3700	1.3931
February	1.3931	1.3653	1.3817
March	1.3910	1.3689	1.3800
April	1.3912	1.3573	1.3760
May	1.4326	1.3899	1.4063
June	1.4283	1.3776	1.4092
July	1.4158	1.3646	1.3853
August	1.4280	1.3745	1.4071
September	1.3870	1.3242	1.3541
October	1.3920	1.3422	1.3613
November	1.6199	1.3586	1.3825
December	1.3882	1.3662	1.3753