2014 BIF to RSD Historical Review

YEARLY HIGH

0.0641 RSD

YEARLY LOW

0.0535 RSD

YEARLY AVERAGE

0.0570 RSD

2014 BIF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BIF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 0.0641. Conversely, the yearly low was recorded on May 6, dropping to 0.0535.

This high-to-low spread represents a total annual volatility of 0.0105 RSD. From a start-to-finish perspective, comparing the January average rate of 0.0547 to the December average rate of 0.0631, the exchange rate registered a net change of 15.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0641 was up 11.38% compared to the 2013 peak of 0.0575, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 320 RSD

2013 Average 275 RSD

Yearly Trough Low 268 RSD

Transaction Impact: A difference of 52.73 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0640

0.0530

JanuMarcMayJulySeptNove

BIF 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 0.0545, compared to 0.0595 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0050 points.

H1 Avg (Jan–Jun) 0.0545

H2 Avg (Jul–Dec) 0.0595

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0026 RSD (High: 0.0604 / Low: 0.0578). On the other end, June was the most stable month, with a tight range of 0.0007 RSD (High: 0.0552 / Low: 0.0545).

September Spread (Volatile) ±0.0026

June Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0008 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0631) against the same month in 2013 (average: 0.0541), the exchange rate shifted by +0.0089 (+16.51%).

2014 Avg (December) 0.0631

2013 Avg (December) 0.0541

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0554	0.0539	0.0547
February	0.0554	0.0540	0.0547
March	0.0545	0.0536	0.0539
April	0.0546	0.0536	0.0540
May	0.0550	0.0535	0.0544
June	0.0552	0.0545	0.0549
July	0.0567	0.0547	0.0554
August	0.0582	0.0563	0.0569
September	0.0604	0.0578	0.0594
October	0.0619	0.0597	0.0604
November	0.0622	0.0606	0.0616
December	0.0641	0.0618	0.0631