2014 BWP to RSD Historical Review

YEARLY HIGH

10.5594 RSD

YEARLY LOW

9.3583 RSD

YEARLY AVERAGE

9.8441 RSD

2014 BWP to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BWP to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 10.5594. Conversely, the yearly low was recorded on January 26, dropping to 9.3583.

This high-to-low spread represents a total annual volatility of 1.2011 RSD. From a start-to-finish perspective, comparing the January average rate of 9.4899 to the December average rate of 10.4398, the exchange rate registered a net change of 10.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 10.5594 was down 3.78% compared to the 2013 peak of 10.9745, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 52,797 RSD

2013 Average 50,741 RSD

Yearly Trough Low 46,792 RSD

Transaction Impact: A difference of 6,005.26 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

10.5393

9.3462

JanuMarcMayJulySeptNove

BWP 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 9.5387, compared to 10.1494 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6107 points.

H1 Avg (Jan–Jun) 9.5387

H2 Avg (Jul–Dec) 10.1494

Volatility Range Comparison

Volatility

The most volatile month in 2014 was August, with a trading range of 0.2862 RSD (High: 10.0878 / Low: 9.8016). On the other end, April was the most stable month, with a tight range of 0.1038 RSD (High: 9.6054 / Low: 9.5016).

August Spread (Volatile) ±0.2862

April Spread (Stable) ±0.1038

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0602 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0602

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 10.4398) against the same month in 2013 (average: 9.6222), the exchange rate shifted by +0.8177 (+8.50%).

2014 Avg (December) 10.4398

2013 Avg (December) 9.6222

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.5834	9.3583	9.4899
February	9.5586	9.3862	9.4456
March	9.5405	9.3710	9.4599
April	9.6054	9.5016	9.5464
May	9.7723	9.5124	9.6754
June	9.7289	9.5636	9.6152
July	9.8695	9.5887	9.7138
August	10.0878	9.8016	9.9327
September	10.2612	10.0249	10.1236
October	10.3853	10.1578	10.2653
November	10.5591	10.3114	10.4212
December	10.5594	10.2997	10.4398