2014 CVE to RSD Historical Review

YEARLY HIGH

1.1217 RSD

YEARLY LOW

1.0388 RSD

YEARLY AVERAGE

1.0678 RSD

2014 CVE to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the CVE to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 1.1217. Conversely, the yearly low was recorded on March 30, dropping to 1.0388.

This high-to-low spread represents a total annual volatility of 0.0829 RSD. From a start-to-finish perspective, comparing the January average rate of 1.0495 to the December average rate of 1.1061, the exchange rate registered a net change of 5.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.1217 was up 6.28% compared to the 2013 peak of 1.0554, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,608 RSD

2013 Average 5,135 RSD

Yearly Trough Low 5,194 RSD

Transaction Impact: A difference of 414.60 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.1117

1.0439

JanuMarcMayJulySeptNove

CVE 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 1.0530, compared to 1.0825 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0295 points.

H1 Avg (Jan–Jun) 1.0530

H2 Avg (Jul–Dec) 1.0825

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0246 RSD (High: 1.1217 / Low: 1.0971). On the other end, February was the most stable month, with a tight range of 0.0050 RSD (High: 1.0580 / Low: 1.0530).

December Spread (Volatile) ±0.0246

February Spread (Stable) ±0.0050

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 March and April, when the average rate fell by 0.0026 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0026

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.1061) against the same month in 2013 (average: 1.0428), the exchange rate shifted by +0.0632 (+6.06%).

2014 Avg (December) 1.1061

2013 Avg (December) 1.0428

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0578	1.0396	1.0495
February	1.0580	1.0530	1.0558
March	1.0623	1.0388	1.0548
April	1.0551	1.0486	1.0522
May	1.0582	1.0512	1.0537
June	1.0550	1.0482	1.0520
July	1.0654	1.0555	1.0598
August	1.0757	1.0653	1.0703
September	1.0860	1.0687	1.0798
October	1.0906	1.0799	1.0864
November	1.1000	1.0825	1.0928
December	1.1217	1.0971	1.1061