2014 DJF to RSD Historical Review

YEARLY HIGH

0.5605 RSD

YEARLY LOW

0.4639 RSD

YEARLY AVERAGE

0.4955 RSD

2014 DJF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the DJF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.5605. Conversely, the yearly low was recorded on May 6, dropping to 0.4639.

This high-to-low spread represents a total annual volatility of 0.0966 RSD. From a start-to-finish perspective, comparing the January average rate of 0.4759 to the December average rate of 0.5535, 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 0.5605 was up 11.83% compared to the 2013 peak of 0.5012, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,802 RSD

2013 Average 2,398 RSD

Yearly Trough Low 2,319 RSD

Transaction Impact: A difference of 483.09 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.5620

0.4600

JanuMarcMayJulySeptNove

DJF 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 0.4729, compared to 0.5181 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0452 points.

H1 Avg (Jan–Jun) 0.4729

H2 Avg (Jul–Dec) 0.5181

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0250 RSD (High: 0.5270 / Low: 0.5020). On the other end, June was the most stable month, with a tight range of 0.0053 RSD (High: 0.4784 / Low: 0.4731).

September Spread (Volatile) ±0.0250

June Spread (Stable) ±0.0053

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 0.0064 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0064

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.5535) against the same month in 2013 (average: 0.4702), the exchange rate shifted by +0.0833 (+17.72%).

2014 Avg (December) 0.5535

2013 Avg (December) 0.4702

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4818	0.4678	0.4759
February	0.4827	0.4732	0.4765
March	0.4742	0.4657	0.4701
April	0.4753	0.4645	0.4685
May	0.4761	0.4639	0.4710
June	0.4784	0.4731	0.4753
July	0.4883	0.4730	0.4804
August	0.5029	0.4865	0.4931
September	0.5270	0.5020	0.5155
October	0.5327	0.5229	0.5273
November	0.5435	0.5300	0.5387
December	0.5605	0.5432	0.5535