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2014 PHP to RSD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the PHP to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 2.2406. Conversely, the yearly low was recorded on March 22, dropping to 1.8523.
This high-to-low spread represents a total annual volatility of 0.3882 RSD. From a start-to-finish perspective, comparing the January average rate of 1.8843 to the December average rate of 2.2096, the exchange rate registered a net change of 17.26% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2014 high of 2.2406 was up 4.65% compared to the 2013 peak of 2.1411, indicating shifts in long-term support levels.
Comparing the value generated converting 250,000 PHP based on timing:
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PHP to RSD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: JanâJun) was 1.8965, compared to 2.0868 in the second half (H2: JulâDec). This shows that the rate was stronger in the second half (JulâDec) by a margin of 0.1903 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was December, with a trading range of 0.0821 RSD (High: 2.2406 / Low: 2.1585). On the other end, April was the most stable month, with a tight range of 0.0171 RSD (High: 1.8839 / Low: 1.8667).
Growth Streaks & Declines
TrendsBetween 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 0.0222 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2014: 2.2096) against the same month in 2013 (average: 1.8952), the exchange rate shifted by +0.3145 (+16.59%).
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| Month | High | Low | Average |
|---|---|---|---|
| January | 1.8970 | 1.8627 | 1.8843 |
| February | 1.9029 | 1.8836 | 1.8914 |
| March | 1.8883 | 1.8523 | 1.8692 |
| April | 1.8839 | 1.8667 | 1.8759 |
| May | 1.9451 | 1.8723 | 1.9184 |
| June | 1.9496 | 1.9293 | 1.9396 |
| July | 2.0076 | 1.9406 | 1.9744 |
| August | 2.0566 | 1.9848 | 2.0134 |
| September | 2.1145 | 2.0603 | 2.0831 |
| October | 2.1148 | 2.0791 | 2.1007 |
| November | 2.1582 | 2.1119 | 2.1395 |
| December | 2.2406 | 2.1585 | 2.2096 |