2015 BTN to RSD Historical Review

YEARLY HIGH

1.8117 RSD

YEARLY LOW

1.5687 RSD

YEARLY AVERAGE

1.6974 RSD

2015 BTN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the BTN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 11, valuing the pair at 1.8117. Conversely, the yearly low was recorded on August 24, dropping to 1.5687.

This high-to-low spread represents a total annual volatility of 0.2430 RSD. From a start-to-finish perspective, comparing the January average rate of 1.6938 to the December average rate of 1.6794, the exchange rate registered a net change of -0.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.8117 was up 13.40% compared to the 2014 peak of 1.5975, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,058 RSD

2014 Average 7,247 RSD

Yearly Trough Low 7,843 RSD

Transaction Impact: A difference of 1,214.99 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.7960

1.5982

JanuMarcMayJulySeptNove

BTN 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 1.7248, compared to 1.6700 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0548 points.

H1 Avg (Jan–Jun) 1.7248

H2 Avg (Jul–Dec) 1.6700

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.2009 RSD (High: 1.7866 / Low: 1.5856). On the other end, September was the most stable month, with a tight range of 0.0464 RSD (High: 1.6345 / Low: 1.5880).

January Spread (Volatile) ±0.2009

September Spread (Stable) ±0.0464

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0770 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0770

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 1.7795) against the same month in 2014 (average: 1.3726), the exchange rate shifted by +0.4069 (+29.65%).

2015 Avg (March) 1.7795

2014 Avg (March) 1.3726

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7866	1.5856	1.6938
February	1.7610	1.6982	1.7229
March	1.8117	1.7391	1.7795
April	1.8088	1.6941	1.7729
May	1.7364	1.6564	1.6959
June	1.7390	1.6599	1.6839
July	1.7508	1.6934	1.7168
August	1.7259	1.5687	1.6611
September	1.6345	1.5880	1.6147
October	1.6956	1.6115	1.6457
November	1.7317	1.6682	1.7021
December	1.7212	1.6620	1.6794