2016 CVE to RSD Historical Review

YEARLY HIGH

1.1511 RSD

YEARLY LOW

1.1014 RSD

YEARLY AVERAGE

1.1160 RSD

2016 CVE to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the CVE to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1.1511. Conversely, the yearly low was recorded on January 1, dropping to 1.1014.

This high-to-low spread represents a total annual volatility of 0.0497 RSD. From a start-to-finish perspective, comparing the January average rate of 1.1118 to the December average rate of 1.1185, the exchange rate registered a net change of 0.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.1511 was up 2.31% compared to the 2015 peak of 1.1250, 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 5,755 RSD

2015 Average 5,477 RSD

Yearly Trough Low 5,507 RSD

Transaction Impact: A difference of 248.43 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.1192

1.1111

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 1.1147, compared to 1.1173 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 1.1147

H2 Avg (Jul–Dec) 1.1173

Volatility Range Comparison

Volatility

The most volatile month in 2016 was December, with a trading range of 0.0450 RSD (High: 1.1511 / Low: 1.1060). On the other end, July was the most stable month, with a tight range of 0.0061 RSD (High: 1.1224 / Low: 1.1162).

December Spread (Volatile) ±0.0450

July Spread (Stable) ±0.0061

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0017 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 1.1185) against the same month in 2015 (average: 1.1054), the exchange rate shifted by +0.0132 (+1.19%).

2016 Avg (December) 1.1185

2015 Avg (December) 1.1054

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1189	1.1014	1.1118
February	1.1206	1.1026	1.1128
March	1.1190	1.1033	1.1148
April	1.1270	1.1074	1.1132
May	1.1244	1.1082	1.1174
June	1.1263	1.1075	1.1182
July	1.1224	1.1162	1.1185
August	1.1204	1.1120	1.1174
September	1.1214	1.1130	1.1171
October	1.1193	1.1120	1.1162
November	1.1224	1.1128	1.1163
December	1.1511	1.1060	1.1185