2019 BMD to RSD Historical Review

YEARLY HIGH

107.6048 RSD

YEARLY LOW

102.4777 RSD

YEARLY AVERAGE

105.2444 RSD

2019 BMD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the BMD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 30, valuing the pair at 107.6048. Conversely, the yearly low was recorded on January 2, dropping to 102.4777.

This high-to-low spread represents a total annual volatility of 5.1271 RSD. From a start-to-finish perspective, comparing the January average rate of 103.6550 to the December average rate of 105.7755, the exchange rate registered a net change of 2.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 107.6048 was up 2.67% compared to the 2018 peak of 104.8100, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 538,024 RSD

2018 Average 501,075 RSD

Yearly Trough Low 512,389 RSD

Transaction Impact: A difference of 25,635.29 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

107.0484

103.3465

JanuMarcMayJulySeptNove

BMD 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 104.5031, compared to 105.9858 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.4828 points.

H1 Avg (Jan–Jun) 104.5031

H2 Avg (Jul–Dec) 105.9858

Volatility Range Comparison

Volatility

The most volatile month in 2019 was August, with a trading range of 2.3820 RSD (High: 107.0939 / Low: 104.7119). On the other end, May was the most stable month, with a tight range of 1.0227 RSD (High: 105.9995 / Low: 104.9768).

August Spread (Volatile) ±2.3820

May Spread (Stable) ±1.0227

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 1.0528 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.0528

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2019: 106.7399) against the same month in 2018 (average: 101.5305), the exchange rate shifted by +5.2094 (+5.13%).

2019 Avg (September) 106.7399

2018 Avg (September) 101.5305

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	104.6990	102.4777	103.6550
February	104.8841	103.3500	104.1441
March	105.4669	103.1748	104.4303
April	105.9095	104.2571	105.0163
May	105.9995	104.9768	105.4127
June	105.5591	103.4100	104.3599
July	106.3300	104.2800	104.9981
August	107.0939	104.7119	105.8319
September	107.6048	105.8063	106.7399
October	107.4954	105.2835	106.2589
November	106.8750	105.1389	106.3107
December	106.7200	104.8050	105.7755