2015 BIF to RSD Historical Review

YEARLY HIGH

0.0739 RSD

YEARLY LOW

0.0640 RSD

YEARLY AVERAGE

0.0695 RSD

2015 BIF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the BIF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 0.0739. Conversely, the yearly low was recorded on January 3, dropping to 0.0640.

This high-to-low spread represents a total annual volatility of 0.0100 RSD. From a start-to-finish perspective, comparing the January average rate of 0.0672 to the December average rate of 0.0719, the exchange rate registered a net change of 6.93% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.0739 was up 15.39% compared to the 2014 peak of 0.0641, 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 370 RSD

2014 Average 285 RSD

Yearly Trough Low 320 RSD

Transaction Impact: A difference of 49.87 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.0727

0.0667

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 0.0691, compared to 0.0698 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0691

H2 Avg (Jul–Dec) 0.0698

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.0061 RSD (High: 0.0701 / Low: 0.0640). On the other end, September was the most stable month, with a tight range of 0.0019 RSD (High: 0.0697 / Low: 0.0678).

January Spread (Volatile) ±0.0061

September Spread (Stable) ±0.0019

Growth Streaks & Declines

Trends

Between January and April, 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 April and May, when the average rate fell by 0.0021 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0021

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2015: 0.0722) against the same month in 2014 (average: 0.0616), the exchange rate shifted by +0.0106 (+17.30%).

2015 Avg (November) 0.0722

2014 Avg (November) 0.0616

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0701	0.0640	0.0672
February	0.0698	0.0675	0.0681
March	0.0724	0.0686	0.0708
April	0.0725	0.0682	0.0710
May	0.0709	0.0668	0.0689
June	0.0703	0.0669	0.0686
July	0.0704	0.0661	0.0678
August	0.0710	0.0669	0.0695
September	0.0697	0.0678	0.0687
October	0.0703	0.0671	0.0687
November	0.0739	0.0699	0.0722
December	0.0736	0.0711	0.0719