2014 ALL to RSD Historical Review

YEARLY HIGH

0.8763 RSD

YEARLY LOW

0.8151 RSD

YEARLY AVERAGE

0.8375 RSD

2014 ALL to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ALL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.8763. Conversely, the yearly low was recorded on March 30, dropping to 0.8151.

This high-to-low spread represents a total annual volatility of 0.0612 RSD. From a start-to-finish perspective, comparing the January average rate of 0.8209 to the December average rate of 0.8675, the exchange rate registered a net change of 5.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.8763 was up 6.59% compared to the 2013 peak of 0.8221, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ALL based on timing:

Yearly Peak High 4,382 RSD

2013 Average 4,029 RSD

Yearly Trough Low 4,076 RSD

Transaction Impact: A difference of 306.22 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.8722

0.8162

JanuMarcMayJulySeptNove

ALL 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 0.8243, compared to 0.8507 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0264 points.

H1 Avg (Jan–Jun) 0.8243

H2 Avg (Jul–Dec) 0.8507

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 0.0159 RSD (High: 0.8408 / Low: 0.8249). On the other end, June was the most stable month, with a tight range of 0.0039 RSD (High: 0.8264 / Low: 0.8225).

July Spread (Volatile) ±0.0159

June Spread (Stable) ±0.0039

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0013 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.8675) against the same month in 2013 (average: 0.8182), the exchange rate shifted by +0.0493 (+6.02%).

2014 Avg (December) 0.8675

2013 Avg (December) 0.8182

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8256	0.8160	0.8209
February	0.8280	0.8227	0.8250
March	0.8290	0.8151	0.8245
April	0.8274	0.8233	0.8252
May	0.8285	0.8236	0.8258
June	0.8264	0.8225	0.8245
July	0.8408	0.8249	0.8309
August	0.8470	0.8372	0.8431
September	0.8521	0.8378	0.8477
October	0.8599	0.8480	0.8558
November	0.8637	0.8559	0.8593
December	0.8763	0.8610	0.8675