2015 GMD to RSD Historical Review

YEARLY HIGH

2.9038 RSD

YEARLY LOW

2.3315 RSD

YEARLY AVERAGE

2.6450 RSD

2015 GMD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the GMD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 2.9038. Conversely, the yearly low was recorded on January 2, dropping to 2.3315.

This high-to-low spread represents a total annual volatility of 0.5723 RSD. From a start-to-finish perspective, comparing the January average rate of 2.4531 to the December average rate of 2.8276, the exchange rate registered a net change of 15.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 2.9038 was up 21.10% compared to the 2014 peak of 2.3979, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,519 RSD

2014 Average 11,077 RSD

Yearly Trough Low 11,657 RSD

Transaction Impact: A difference of 2,861.54 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

2.9032

2.4122

JanuMarcMayJulySeptNove

GMD 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 2.5217, compared to 2.7683 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2466 points.

H1 Avg (Jan–Jun) 2.5217

H2 Avg (Jul–Dec) 2.7683

Volatility Range Comparison

Volatility

The most volatile month in 2015 was June, with a trading range of 0.2554 RSD (High: 2.7313 / Low: 2.4759). On the other end, July was the most stable month, with a tight range of 0.0767 RSD (High: 2.7902 / Low: 2.7136).

June Spread (Volatile) ±0.2554

July Spread (Stable) ±0.0767

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0708 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0708

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2015: 2.8623) against the same month in 2014 (average: 2.2305), the exchange rate shifted by +0.6318 (+28.32%).

2015 Avg (November) 2.8623

2014 Avg (November) 2.2305

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5866	2.3315	2.4531
February	2.5437	2.4349	2.4788
March	2.6452	2.4927	2.5831
April	2.6212	2.4992	2.5813
May	2.5773	2.4420	2.5105
June	2.7313	2.4759	2.5236
July	2.7902	2.7136	2.7541
August	2.7771	2.6176	2.7172
September	2.7584	2.6406	2.7154
October	2.8256	2.6510	2.7332
November	2.9038	2.7936	2.8623
December	2.8995	2.7886	2.8276