2014 CDF to RSD Historical Review

YEARLY HIGH

0.1085 RSD

YEARLY LOW

0.0901 RSD

YEARLY AVERAGE

0.0958 RSD

2014 CDF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the CDF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.1085. Conversely, the yearly low was recorded on April 12, dropping to 0.0901.

This high-to-low spread represents a total annual volatility of 0.0184 RSD. From a start-to-finish perspective, comparing the January average rate of 0.0917 to the December average rate of 0.1066, the exchange rate registered a net change of 16.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.1085 was up 12.33% compared to the 2013 peak of 0.0966, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 543 RSD

2013 Average 462 RSD

Yearly Trough Low 450 RSD

Transaction Impact: A difference of 92.23 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.1082

0.0891

JanuMarcMayJulySeptNove

CDF 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 0.0914, compared to 0.1001 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0087 points.

H1 Avg (Jan–Jun) 0.0914

H2 Avg (Jul–Dec) 0.1001

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0042 RSD (High: 0.1013 / Low: 0.0972). On the other end, June was the most stable month, with a tight range of 0.0008 RSD (High: 0.0925 / Low: 0.0917).

September Spread (Volatile) ±0.0042

June Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0013 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.1066) against the same month in 2013 (average: 0.0907), the exchange rate shifted by +0.0159 (+17.53%).

2014 Avg (December) 0.1066

2013 Avg (December) 0.0907

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0927	0.0903	0.0917
February	0.0929	0.0914	0.0920
March	0.0915	0.0902	0.0907
April	0.0913	0.0901	0.0907
May	0.0922	0.0902	0.0913
June	0.0925	0.0917	0.0920
July	0.0945	0.0916	0.0930
August	0.0971	0.0942	0.0955
September	0.1013	0.0972	0.0997
October	0.1027	0.1012	0.1018
November	0.1048	0.1025	0.1039
December	0.1085	0.1046	0.1066