2014 FJD to RSD Historical Review

YEARLY HIGH

50.4865 RSD

YEARLY LOW

44.2578 RSD

YEARLY AVERAGE

47.0047 RSD

2014 FJD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the FJD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 50.4865. Conversely, the yearly low was recorded on January 1, dropping to 44.2578.

This high-to-low spread represents a total annual volatility of 6.2287 RSD. From a start-to-finish perspective, comparing the January average rate of 44.9542 to the December average rate of 49.8634, the exchange rate registered a net change of 10.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 50.4865 was up 2.59% compared to the 2013 peak of 49.2136, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 252,433 RSD

2013 Average 232,609 RSD

Yearly Trough Low 221,289 RSD

Transaction Impact: A difference of 31,143.57 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

50.3543

44.4633

JanuMarcMayJulySeptNove

FJD 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 45.4786, compared to 48.5309 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.0523 points.

H1 Avg (Jan–Jun) 45.4786

H2 Avg (Jul–Dec) 48.5309

Volatility Range Comparison

Volatility

The most volatile month in 2014 was August, with a trading range of 1.4406 RSD (High: 48.4452 / Low: 47.0046). On the other end, April was the most stable month, with a tight range of 0.4160 RSD (High: 45.7000 / Low: 45.2841).

August Spread (Volatile) ±1.4406

April Spread (Stable) ±0.4160

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.2214 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.2214

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 49.8634) against the same month in 2013 (average: 44.5919), the exchange rate shifted by +5.2715 (+11.82%).

2014 Avg (December) 49.8634

2013 Avg (December) 44.5919

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	45.3239	44.2578	44.9542
February	45.5765	44.8594	45.2007
March	45.6094	44.5009	44.9794
April	45.7000	45.2841	45.5450
May	46.2062	45.3432	45.8941
June	46.6983	45.9403	46.2980
July	47.2853	46.2589	46.7474
August	48.4452	47.0046	47.5110
September	49.5374	48.1066	48.7720
October	49.2934	48.4682	48.8596
November	50.0721	48.9744	49.4320
December	50.4865	49.5226	49.8634