2013 AZN to RSD Historical Review

YEARLY HIGH

113.4081 RSD

YEARLY LOW

103.5552 RSD

YEARLY AVERAGE

108.5303 RSD

2013 AZN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the AZN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 9, valuing the pair at 113.4081. Conversely, the yearly low was recorded on February 3, dropping to 103.5552.

This high-to-low spread represents a total annual volatility of 9.8529 RSD. From a start-to-finish perspective, comparing the January average rate of 107.2669 to the December average rate of 106.7803, the exchange rate registered a net change of -0.45% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 113.4081 was down 8.84% compared to the 2012 peak of 124.4057, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 567,041 RSD

2012 Average 559,495 RSD

Yearly Trough Low 517,776 RSD

Transaction Impact: A difference of 49,264.60 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

111.4460

105.7360

JanuMarcMayJulySeptNove

AZN 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 108.5881, compared to 108.4726 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1155 points.

H1 Avg (Jan–Jun) 108.5881

H2 Avg (Jul–Dec) 108.4726

Volatility Range Comparison

Volatility

The most volatile month in 2013 was February, with a trading range of 4.9521 RSD (High: 108.5073 / Low: 103.5552). On the other end, August was the most stable month, with a tight range of 1.6243 RSD (High: 110.3531 / Low: 108.7288).

February Spread (Volatile) ±4.9521

August Spread (Stable) ±1.6243

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 September and October, when the average rate fell by 2.7483 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.7483

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2013: 110.9701) against the same month in 2012 (average: 120.6495), the exchange rate shifted by -9.6794 (-8.02%).

2013 Avg (July) 110.9701

2012 Avg (July) 120.6495

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	109.5111	104.6422	107.2669
February	108.5073	103.5552	106.2118
March	111.4766	108.7534	109.8109
April	111.0795	107.4281	109.0940
May	110.1553	107.1077	108.9099
June	111.8742	108.4866	110.2350
July	113.4081	109.1909	110.9701
August	110.3531	108.7288	109.1776
September	111.1653	107.7984	109.4362
October	107.9977	105.1570	106.6880
November	108.9864	106.9497	107.7834
December	107.7107	106.0239	106.7803