2014 BGN to RSD Historical Review

YEARLY HIGH

62.6816 RSD

YEARLY LOW

58.4535 RSD

YEARLY AVERAGE

59.9048 RSD

2014 BGN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BGN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 62.6816. Conversely, the yearly low was recorded on March 30, dropping to 58.4535.

This high-to-low spread represents a total annual volatility of 4.2281 RSD. From a start-to-finish perspective, comparing the January average rate of 58.9656 to the December average rate of 62.1309, the exchange rate registered a net change of 5.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 62.6816 was up 6.57% compared to the 2013 peak of 58.8180, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 313,408 RSD

2013 Average 288,876 RSD

Yearly Trough Low 292,267 RSD

Transaction Impact: A difference of 21,140.65 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

62.4474

58.6491

JanuMarcMayJulySeptNove

BGN 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 59.0712, compared to 60.7385 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6673 points.

H1 Avg (Jan–Jun) 59.0712

H2 Avg (Jul–Dec) 60.7385

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 1.0008 RSD (High: 62.6816 / Low: 61.6807). On the other end, April was the most stable month, with a tight range of 0.2217 RSD (High: 59.1474 / Low: 58.9257).

December Spread (Volatile) ±1.0008

April Spread (Stable) ±0.2217

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0796 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0796

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 62.1309) against the same month in 2013 (average: 58.6055), the exchange rate shifted by +3.5254 (+6.02%).

2014 Avg (December) 62.1309

2013 Avg (December) 58.6055

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	59.2546	58.5554	58.9656
February	59.3211	59.0430	59.1847
March	59.3377	58.4535	59.1218
April	59.1474	58.9257	59.0422
May	59.2913	58.9595	59.0899
June	59.1456	58.9063	59.0230
July	59.7020	59.1548	59.4149
August	60.2994	59.6644	59.9918
September	60.8217	59.8367	60.6302
October	61.1294	60.6022	60.9590
November	61.6772	60.7360	61.3040
December	62.6816	61.6807	62.1309