2020 AFN to RSD Historical Review

YEARLY HIGH

1.4530 RSD

YEARLY LOW

1.2365 RSD

YEARLY AVERAGE

1.3428 RSD

2020 AFN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the AFN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 1.4530. Conversely, the yearly low was recorded on December 30, dropping to 1.2365.

This high-to-low spread represents a total annual volatility of 0.2165 RSD. From a start-to-finish perspective, comparing the January average rate of 1.3715 to the December average rate of 1.2535, the exchange rate registered a net change of -8.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 1.4530 was up 3.32% compared to the 2019 peak of 1.4063, 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 7,265 RSD

2019 Average 6,759 RSD

Yearly Trough Low 6,182 RSD

Transaction Impact: A difference of 1,082.41 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

1.4372

1.2368

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 1.3915, compared to 1.2940 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0975 points.

H1 Avg (Jan–Jun) 1.3915

H2 Avg (Jul–Dec) 1.2940

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0956 RSD (High: 1.4530 / Low: 1.3574). On the other end, October was the most stable month, with a tight range of 0.0245 RSD (High: 1.3137 / Low: 1.2892).

March Spread (Volatile) ±0.0956

October Spread (Stable) ±0.0245

Growth Streaks & Declines

Trends

Between August and October, 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 May and June, when the average rate fell by 0.0571 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0571

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 1.3954) against the same month in 2019 (average: 1.3852), the exchange rate shifted by +0.0103 (+0.74%).

2020 Avg (March) 1.3954

2019 Avg (March) 1.3852

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3955	1.3419	1.3715
February	1.4128	1.3651	1.4002
March	1.4530	1.3574	1.3954
April	1.4400	1.3947	1.4205
May	1.4280	1.3827	1.4092
June	1.3780	1.3397	1.3521
July	1.3559	1.2900	1.3321
August	1.3037	1.2733	1.2902
September	1.3151	1.2842	1.2985
October	1.3137	1.2892	1.3003
November	1.3140	1.2762	1.2895
December	1.2657	1.2365	1.2535