2014 BND to RSD Historical Review

YEARLY HIGH

75.6751 RSD

YEARLY LOW

65.7756 RSD

YEARLY AVERAGE

69.7568 RSD

2014 BND to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BND to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 75.6751. Conversely, the yearly low was recorded on March 18, dropping to 65.7756.

This high-to-low spread represents a total annual volatility of 9.8995 RSD. From a start-to-finish perspective, comparing the January average rate of 66.5805 to the December average rate of 74.9912, the exchange rate registered a net change of 12.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 75.6751 was up 7.40% compared to the 2013 peak of 70.4636, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 378,375 RSD

2013 Average 340,363 RSD

Yearly Trough Low 328,878 RSD

Transaction Impact: A difference of 49,497.49 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

75.8834

65.1765

JanuMarcMayJulySeptNove

BND 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 66.9119, compared to 72.6017 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.6898 points.

H1 Avg (Jan–Jun) 66.9119

H2 Avg (Jul–Dec) 72.6017

Volatility Range Comparison

Volatility

The most volatile month in 2014 was July, with a trading range of 2.1688 RSD (High: 70.0885 / Low: 67.9197). On the other end, April was the most stable month, with a tight range of 0.3847 RSD (High: 66.8383 / Low: 66.4535).

July Spread (Volatile) ±2.1688

April Spread (Stable) ±0.3847

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 0.9223 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.9223

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 74.9912) against the same month in 2013 (average: 66.4844), the exchange rate shifted by +8.5068 (+12.80%).

2014 Avg (December) 74.9912

2013 Avg (December) 66.4844

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	67.1181	65.8973	66.5805
February	67.6317	66.3729	66.9910
March	66.5075	65.7756	66.0687
April	66.8383	66.4535	66.6632
May	67.7552	66.5047	67.2600
June	68.3192	67.5427	67.9082
July	70.0885	67.9197	69.0627
August	71.7936	69.8221	70.6095
September	73.5741	71.7560	72.8407
October	74.1512	73.4304	73.8406
November	74.9060	73.5602	74.2655
December	75.6751	74.1325	74.9912