2015 AOA to RSD Historical Review

YEARLY HIGH

1.0672 RSD

YEARLY LOW

0.7714 RSD

YEARLY AVERAGE

0.9180 RSD

2015 AOA to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the AOA to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 1.0672. Conversely, the yearly low was recorded on October 14, dropping to 0.7714.

This high-to-low spread represents a total annual volatility of 0.2957 RSD. From a start-to-finish perspective, comparing the January average rate of 1.0184 to the December average rate of 0.8260, the exchange rate registered a net change of -18.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.0672 was up 8.96% compared to the 2014 peak of 0.9794, 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 5,336 RSD

2014 Average 4,495 RSD

Yearly Trough Low 3,857 RSD

Transaction Impact: A difference of 1,478.71 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.0639

0.7646

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 1.0019, compared to 0.8340 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1679 points.

H1 Avg (Jan–Jun) 1.0019

H2 Avg (Jul–Dec) 0.8340

Volatility Range Comparison

Volatility

The most volatile month in 2015 was June, with a trading range of 0.1151 RSD (High: 1.0000 / Low: 0.8850). On the other end, July was the most stable month, with a tight range of 0.0322 RSD (High: 0.8951 / Low: 0.8630).

June Spread (Volatile) ±0.1151

July Spread (Stable) ±0.0322

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2015. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0550 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0550

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 1.0389) against the same month in 2014 (average: 0.8573), the exchange rate shifted by +0.1816 (+21.19%).

2015 Avg (March) 1.0389

2014 Avg (March) 0.8573

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0596	0.9735	1.0184
February	1.0499	0.9972	1.0157
March	1.0672	1.0104	1.0389
April	1.0362	0.9835	1.0206
May	1.0073	0.9611	0.9854
June	1.0000	0.8850	0.9324
July	0.8951	0.8630	0.8775
August	0.8748	0.8280	0.8581
September	0.8596	0.7838	0.8214
October	0.8142	0.7714	0.7896
November	0.8471	0.8081	0.8316
December	0.8510	0.8177	0.8260