2016 BTN to RSD Historical Review

YEARLY HIGH

1.7532 RSD

YEARLY LOW

1.5931 RSD

YEARLY AVERAGE

1.6554 RSD

2016 BTN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the BTN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 1.7532. Conversely, the yearly low was recorded on February 11, dropping to 1.5931.

This high-to-low spread represents a total annual volatility of 0.1601 RSD. From a start-to-finish perspective, comparing the January average rate of 1.6775 to the December average rate of 1.7245, the exchange rate registered a net change of 2.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.7532 was down 3.23% compared to the 2015 peak of 1.8117, 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 8,766 RSD

2015 Average 8,486 RSD

Yearly Trough Low 7,965 RSD

Transaction Impact: A difference of 800.64 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.7349

1.6102

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 1.6394, compared to 1.6715 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0320 points.

H1 Avg (Jan–Jun) 1.6394

H2 Avg (Jul–Dec) 1.6715

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.0687 RSD (High: 1.6618 / Low: 1.5931). On the other end, September was the most stable month, with a tight range of 0.0192 RSD (High: 1.6541 / Low: 1.6348).

February Spread (Volatile) ±0.0687

September Spread (Stable) ±0.0192

Growth Streaks & Declines

Trends

Between August and December, 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 January and February, when the average rate fell by 0.0569 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0569

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 1.7245) against the same month in 2015 (average: 1.6794), the exchange rate shifted by +0.0451 (+2.68%).

2016 Avg (December) 1.7245

2015 Avg (December) 1.6794

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7003	1.6575	1.6775
February	1.6618	1.5931	1.6206
March	1.6783	1.6298	1.6521
April	1.6453	1.6131	1.6293
May	1.6557	1.6040	1.6254
June	1.6518	1.6152	1.6317
July	1.6723	1.6418	1.6573
August	1.6629	1.6239	1.6424
September	1.6541	1.6348	1.6456
October	1.6931	1.6426	1.6715
November	1.7082	1.6559	1.6875
December	1.7532	1.6880	1.7245