2015 ARS to RSD Historical Review

YEARLY HIGH

12.9656 RSD

YEARLY LOW

8.4428 RSD

YEARLY AVERAGE

11.8190 RSD

2015 ARS to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the ARS to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 12.9656. Conversely, the yearly low was recorded on December 26, dropping to 8.4428.

This high-to-low spread represents a total annual volatility of 4.5227 RSD. From a start-to-finish perspective, comparing the January average rate of 12.2534 to the December average rate of 10.0783, the exchange rate registered a net change of -17.75% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 12.9656 was up 0.49% compared to the 2014 peak of 12.9029, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 64,828 RSD

2014 Average 54,585 RSD

Yearly Trough Low 42,214 RSD

Transaction Impact: A difference of 22,613.61 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

12.9198

9.8200

JanuMarcMayJulySeptNove

ARS 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 12.2833, compared to 11.3547 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9285 points.

H1 Avg (Jan–Jun) 12.2833

H2 Avg (Jul–Dec) 11.3547

Volatility Range Comparison

Volatility

The most volatile month in 2015 was December, with a trading range of 3.3846 RSD (High: 11.8274 / Low: 8.4428). On the other end, September was the most stable month, with a tight range of 0.3401 RSD (High: 11.5913 / Low: 11.2512).

December Spread (Volatile) ±3.3846

September Spread (Stable) ±0.3401

Growth Streaks & Declines

Trends

Between January and March, 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 November and December, when the average rate fell by 1.6310 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.6310

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 12.6615) against the same month in 2014 (average: 10.5624), the exchange rate shifted by +2.0991 (+19.87%).

2015 Avg (March) 12.6615

2014 Avg (March) 10.5624

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.7109	11.7133	12.2534
February	12.6439	12.1354	12.3142
March	12.9656	12.3135	12.6615
April	12.7221	12.0429	12.5437
May	12.3422	11.7540	12.0634
June	12.2453	11.6823	11.8634
July	12.1397	11.7812	11.9432
August	11.9724	11.2482	11.6810
September	11.5913	11.2512	11.4186
October	11.5727	11.0820	11.2980
November	11.8656	11.4606	11.7093
December	11.8274	8.4428	10.0783