2014 FKP to RSD Historical Review

YEARLY HIGH

156.0526 RSD

YEARLY LOW

137.7414 RSD

YEARLY AVERAGE

145.4868 RSD

2014 FKP to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the FKP to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 156.0526. Conversely, the yearly low was recorded on January 2, dropping to 137.7414.

This high-to-low spread represents a total annual volatility of 18.3112 RSD. From a start-to-finish perspective, comparing the January average rate of 139.5103 to the December average rate of 154.2990, the exchange rate registered a net change of 10.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 156.0526 was up 12.60% compared to the 2013 peak of 138.5843, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 780,263 RSD

2013 Average 665,978 RSD

Yearly Trough Low 688,707 RSD

Transaction Impact: A difference of 91,555.97 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

155.8131

137.6432

JanuMarcMayJulySeptNove

FKP 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 140.8035, compared to 150.1700 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 9.3665 points.

H1 Avg (Jan–Jun) 140.8035

H2 Avg (Jul–Dec) 150.1700

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 4.2947 RSD (High: 152.2372 / Low: 147.9424). On the other end, April was the most stable month, with a tight range of 1.6679 RSD (High: 140.8797 / Low: 139.2117).

September Spread (Volatile) ±4.2947

April Spread (Stable) ±1.6679

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 1.3815 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -1.3815

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 154.2990) against the same month in 2013 (average: 137.1377), the exchange rate shifted by +17.1613 (+12.51%).

2014 Avg (December) 154.2990

2013 Avg (December) 137.1377

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	141.5436	137.7414	139.5103
February	141.8402	139.1915	140.5388
March	141.2039	138.0050	139.1574
April	140.8797	139.2117	140.0764
May	142.9780	140.5670	141.8063
June	144.7879	142.0985	143.7319
July	147.6578	145.1068	146.5479
August	148.9391	146.2221	147.1900
September	152.2372	147.9424	150.0079
October	152.4120	149.3331	151.2840
November	153.1638	150.1214	151.6913
December	156.0526	152.1810	154.2990