2020 BGN to RSD Historical Review

YEARLY HIGH

60.4164 RSD

YEARLY LOW

59.8823 RSD

YEARLY AVERAGE

60.1181 RSD

2020 BGN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the BGN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 28, valuing the pair at 60.4164. Conversely, the yearly low was recorded on November 3, dropping to 59.8823.

This high-to-low spread represents a total annual volatility of 0.5341 RSD. From a start-to-finish perspective, comparing the January average rate of 60.1080 to the December average rate of 60.1130, the exchange rate registered a net change of 0.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 60.4164 was down 0.80% compared to the 2019 peak of 60.9031, 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 302,082 RSD

2019 Average 301,172 RSD

Yearly Trough Low 299,412 RSD

Transaction Impact: A difference of 2,670.65 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

60.1528

60.0898

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 60.1135, compared to 60.1226 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0091 points.

H1 Avg (Jan–Jun) 60.1135

H2 Avg (Jul–Dec) 60.1226

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.5011 RSD (High: 60.4164 / Low: 59.9153). On the other end, October was the most stable month, with a tight range of 0.1335 RSD (High: 60.2085 / Low: 60.0750).

March Spread (Volatile) ±0.5011

October Spread (Stable) ±0.1335

Growth Streaks & Declines

Trends

Between June and August, 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 August and September, when the average rate fell by 0.0525 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0525

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 60.1346) against the same month in 2019 (average: 60.4340), the exchange rate shifted by -0.2994 (-0.50%).

2020 Avg (February) 60.1346

2019 Avg (February) 60.4340

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	60.1790	60.0193	60.1080
February	60.4164	60.0174	60.1346
March	60.4164	59.9153	60.0954
April	60.2446	60.0579	60.1175
May	60.2161	60.0696	60.1156
June	60.2098	59.9892	60.1101
July	60.3341	60.0066	60.1354
August	60.3656	59.9813	60.1476
September	60.2107	59.8866	60.0951
October	60.2085	60.0750	60.1366
November	60.1901	59.8823	60.1081
December	60.2482	60.0098	60.1130