2019 AFN to RSD Historical Review

YEARLY HIGH

1.4063 RSD

YEARLY LOW

1.2723 RSD

YEARLY AVERAGE

1.3520 RSD

2019 AFN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the AFN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 1.4063. Conversely, the yearly low was recorded on June 27, dropping to 1.2723.

This high-to-low spread represents a total annual volatility of 0.1340 RSD. From a start-to-finish perspective, comparing the January average rate of 1.3731 to the December average rate of 1.3466, the exchange rate registered a net change of -1.93% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 1.4063 was down 13.19% compared to the 2018 peak of 1.6199, 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 7,031 RSD

2018 Average 6,922 RSD

Yearly Trough Low 6,362 RSD

Transaction Impact: A difference of 669.76 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

1.3993

1.2925

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 1.3573, compared to 1.3467 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0107 points.

H1 Avg (Jan–Jun) 1.3573

H2 Avg (Jul–Dec) 1.3467

Volatility Range Comparison

Volatility

The most volatile month in 2019 was May, with a trading range of 0.0592 RSD (High: 1.3618 / Low: 1.3026). On the other end, November was the most stable month, with a tight range of 0.0191 RSD (High: 1.3650 / Low: 1.3459).

May Spread (Volatile) ±0.0592

November Spread (Stable) ±0.0191

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0333 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0333

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2019: 1.3852) against the same month in 2018 (average: 1.3800), the exchange rate shifted by +0.0052 (+0.38%).

2019 Avg (March) 1.3852

2018 Avg (March) 1.3800

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3856	1.3503	1.3731
February	1.4037	1.3732	1.3904
March	1.4063	1.3650	1.3852
April	1.3856	1.3415	1.3591
May	1.3618	1.3026	1.3348
June	1.3303	1.2723	1.3014
July	1.3290	1.2788	1.3071
August	1.3739	1.3237	1.3475
September	1.3759	1.3532	1.3637
October	1.3777	1.3442	1.3578
November	1.3650	1.3459	1.3574
December	1.3576	1.3343	1.3466