2020 CDF to RSD Historical Review

YEARLY HIGH

0.0652 RSD

YEARLY LOW

0.0485 RSD

YEARLY AVERAGE

0.0561 RSD

2020 CDF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the CDF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 6, valuing the pair at 0.0652. Conversely, the yearly low was recorded on December 30, dropping to 0.0485.

This high-to-low spread represents a total annual volatility of 0.0168 RSD. From a start-to-finish perspective, comparing the January average rate of 0.0628 to the December average rate of 0.0495, the exchange rate registered a net change of -21.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0652 was up 0.59% compared to the 2019 peak of 0.0649, 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 326 RSD

2019 Average 318 RSD

Yearly Trough Low 242 RSD

Transaction Impact: A difference of 83.78 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0651

0.0481

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 0.0613, compared to 0.0509 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0104 points.

H1 Avg (Jan–Jun) 0.0613

H2 Avg (Jul–Dec) 0.0509

Volatility Range Comparison

Volatility

The most volatile month in 2020 was December, with a trading range of 0.0168 RSD (High: 0.0652 / Low: 0.0485). On the other end, September was the most stable month, with a tight range of 0.0012 RSD (High: 0.0514 / Low: 0.0503).

December Spread (Volatile) ±0.0168

September Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between August and October, 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 May and June, when the average rate fell by 0.0045 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.0495) against the same month in 2019 (average: 0.0630), the exchange rate shifted by -0.0135 (-21.39%).

2020 Avg (December) 0.0495

2019 Avg (December) 0.0630

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0633	0.0620	0.0628
February	0.0645	0.0628	0.0637
March	0.0646	0.0607	0.0624
April	0.0636	0.0621	0.0630
May	0.0627	0.0581	0.0604
June	0.0579	0.0544	0.0558
July	0.0547	0.0504	0.0528
August	0.0513	0.0501	0.0506
September	0.0514	0.0503	0.0508
October	0.0552	0.0505	0.0513
November	0.0514	0.0499	0.0505
December	0.0652	0.0485	0.0495