2015 CDF to RSD Historical Review

YEARLY HIGH

0.1236 RSD

YEARLY LOW

0.1082 RSD

YEARLY AVERAGE

0.1174 RSD

2015 CDF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the CDF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 0.1236. Conversely, the yearly low was recorded on January 4, dropping to 0.1082.

This high-to-low spread represents a total annual volatility of 0.0154 RSD. From a start-to-finish perspective, comparing the January average rate of 0.1138 to the December average rate of 0.1206, the exchange rate registered a net change of 6.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.1236 was up 13.87% compared to the 2014 peak of 0.1085, 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 618 RSD

2014 Average 479 RSD

Yearly Trough Low 541 RSD

Transaction Impact: A difference of 76.83 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.1221

0.1130

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 0.1170, compared to 0.1179 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.1170

H2 Avg (Jul–Dec) 0.1179

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.0107 RSD (High: 0.1189 / Low: 0.1082). On the other end, September was the most stable month, with a tight range of 0.0029 RSD (High: 0.1166 / Low: 0.1137).

January Spread (Volatile) ±0.0107

September Spread (Stable) ±0.0029

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 0.0031 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0031

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2015: 0.1213) against the same month in 2014 (average: 0.1039), the exchange rate shifted by +0.0174 (+16.71%).

2015 Avg (November) 0.1213

2014 Avg (November) 0.1039

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1189	0.1082	0.1138
February	0.1175	0.1143	0.1154
March	0.1227	0.1161	0.1201
April	0.1216	0.1161	0.1199
May	0.1201	0.1137	0.1168
June	0.1194	0.1145	0.1161
July	0.1200	0.1162	0.1179
August	0.1197	0.1125	0.1167
September	0.1166	0.1137	0.1153
October	0.1187	0.1131	0.1154
November	0.1236	0.1177	0.1213
December	0.1235	0.1194	0.1206