2014 AOA to RSD Historical Review

YEARLY HIGH

0.9794 RSD

YEARLY LOW

0.8487 RSD

YEARLY AVERAGE

0.8989 RSD

2014 AOA to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AOA to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 0.9794. Conversely, the yearly low was recorded on May 6, dropping to 0.8487.

This high-to-low spread represents a total annual volatility of 0.1308 RSD. From a start-to-finish perspective, comparing the January average rate of 0.8675 to the December average rate of 0.9674, the exchange rate registered a net change of 11.52% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.9794 was up 6.12% compared to the 2013 peak of 0.9230, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,897 RSD

2013 Average 4,413 RSD

Yearly Trough Low 4,243 RSD

Transaction Impact: A difference of 653.92 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.9786

0.8441

JanuMarcMayJulySeptNove

AOA 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 0.8634, compared to 0.9344 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0710 points.

H1 Avg (Jan–Jun) 0.8634

H2 Avg (Jul–Dec) 0.9344

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0351 RSD (High: 0.9547 / Low: 0.9196). On the other end, June was the most stable month, with a tight range of 0.0061 RSD (High: 0.8732 / Low: 0.8670).

September Spread (Volatile) ±0.0351

June Spread (Stable) ±0.0061

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 February and March, when the average rate fell by 0.0121 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0121

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.9674) against the same month in 2013 (average: 0.8579), the exchange rate shifted by +0.1095 (+12.76%).

2014 Avg (December) 0.9674

2013 Avg (December) 0.8579

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8789	0.8533	0.8675
February	0.8801	0.8617	0.8693
March	0.8651	0.8506	0.8573
April	0.8624	0.8491	0.8554
May	0.8709	0.8487	0.8615
June	0.8732	0.8670	0.8697
July	0.8994	0.8677	0.8831
August	0.9197	0.8910	0.9018
September	0.9547	0.9196	0.9405
October	0.9662	0.9459	0.9540
November	0.9688	0.9518	0.9597
December	0.9794	0.9581	0.9674