2019 ARS to RSD Historical Review

YEARLY HIGH

2.8018 RSD

YEARLY LOW

1.7514 RSD

YEARLY AVERAGE

2.2491 RSD

2019 ARS to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the ARS to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 26, valuing the pair at 2.8018. Conversely, the yearly low was recorded on December 31, dropping to 1.7514.

This high-to-low spread represents a total annual volatility of 1.0504 RSD. From a start-to-finish perspective, comparing the January average rate of 2.7744 to the December average rate of 1.7688, the exchange rate registered a net change of -36.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2019 high of 2.8018 was down 47.74% compared to the 2018 peak of 5.3611, 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 14,009 RSD

2018 Average 18,996 RSD

Yearly Trough Low 8,757 RSD

Transaction Impact: A difference of 5,251.99 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

2.8749

1.6682

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 2.5338, compared to 1.9643 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5695 points.

H1 Avg (Jan–Jun) 2.5338

H2 Avg (Jul–Dec) 1.9643

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 0.6456 RSD (High: 2.3995 / Low: 1.7538). On the other end, November was the most stable month, with a tight range of 0.0292 RSD (High: 1.7920 / Low: 1.7628).

August Spread (Volatile) ±0.6456

November Spread (Stable) ±0.0292

Growth Streaks & Declines

Trends

Between May and July, 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 July and August, when the average rate fell by 0.4212 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4212

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2019: 2.7744) against the same month in 2018 (average: 5.1192), the exchange rate shifted by -2.3449 (-45.80%).

2019 Avg (January) 2.7744

2018 Avg (January) 5.1192

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8018	2.7128	2.7744
February	2.7896	2.6269	2.7173
March	2.6196	2.3882	2.5318
April	2.5242	2.3052	2.4393
May	2.3836	2.3250	2.3510
June	2.4471	2.3196	2.3892
July	2.5143	2.4060	2.4759
August	2.3995	1.7538	2.0547
September	1.9285	1.7997	1.8864
October	1.8722	1.7670	1.8183
November	1.7920	1.7628	1.7819
December	1.7889	1.7514	1.7688