2018 AZN to RSD Historical Review

YEARLY HIGH

61.5624 RSD

YEARLY LOW

55.7858 RSD

YEARLY AVERAGE

58.9324 RSD

2018 AZN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the AZN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 61.5624. Conversely, the yearly low was recorded on February 1, dropping to 55.7858.

This high-to-low spread represents a total annual volatility of 5.7766 RSD. From a start-to-finish perspective, comparing the January average rate of 57.4471 to the December average rate of 61.0621, the exchange rate registered a net change of 6.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 61.5624 was down 12.14% compared to the 2017 peak of 70.0694, 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 307,812 RSD

2017 Average 312,878 RSD

Yearly Trough Low 278,929 RSD

Transaction Impact: A difference of 28,882.83 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

61.5798

56.0726

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 57.5684, compared to 60.2964 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.7280 points.

H1 Avg (Jan–Jun) 57.5684

H2 Avg (Jul–Dec) 60.2964

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 2.6448 RSD (High: 60.1220 / Low: 57.4772). On the other end, July was the most stable month, with a tight range of 0.5379 RSD (High: 59.5205 / Low: 58.9826).

May Spread (Volatile) ±2.6448

July Spread (Stable) ±0.5379

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.7170 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.7170

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 61.1208) against the same month in 2017 (average: 59.5481), the exchange rate shifted by +1.5728 (+2.64%).

2018 Avg (November) 61.1208

2017 Avg (November) 59.5481

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	58.8759	56.2917	57.4471
February	57.3977	55.7858	56.7301
March	56.9683	55.9574	56.5315
April	57.4735	56.0176	56.5740
May	60.1220	57.4772	58.7151
June	59.9941	58.7698	59.4127
July	59.5205	58.9826	59.2908
August	61.0945	59.3347	60.1112
September	60.1563	58.9399	59.6361
October	61.4042	59.9356	60.5571
November	61.5624	60.6697	61.1208
December	61.5479	60.5996	61.0621