2015 GNF to RSD Historical Review

YEARLY HIGH

0.0159 RSD

YEARLY LOW

0.0138 RSD

YEARLY AVERAGE

0.0148 RSD

2015 GNF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the GNF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 0.0159. Conversely, the yearly low was recorded on November 3, dropping to 0.0138.

This high-to-low spread represents a total annual volatility of 0.0021 RSD. From a start-to-finish perspective, comparing the January average rate of 0.0149 to the December average rate of 0.0145, the exchange rate registered a net change of -2.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.0159 was up 11.60% compared to the 2014 peak of 0.0142, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 80 RSD

2014 Average 63 RSD

Yearly Trough Low 69 RSD

Transaction Impact: A difference of 10.27 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.0154

0.0144

JanuMarcMayJulySeptNove

GNF 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 0.0149, compared to 0.0147 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0003 points.

H1 Avg (Jan–Jun) 0.0149

H2 Avg (Jul–Dec) 0.0147

Volatility Range Comparison

Volatility

The most volatile month in 2015 was November, with a trading range of 0.0013 RSD (High: 0.0152 / Low: 0.0138). On the other end, September was the most stable month, with a tight range of 0.0005 RSD (High: 0.0149 / Low: 0.0144).

November Spread (Volatile) ±0.0013

September Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2015. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0005 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 0.0153) against the same month in 2014 (average: 0.0119), the exchange rate shifted by +0.0034 (+28.56%).

2015 Avg (March) 0.0153

2014 Avg (March) 0.0119

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0155	0.0143	0.0149
February	0.0152	0.0146	0.0148
March	0.0159	0.0149	0.0153
April	0.0155	0.0147	0.0153
May	0.0152	0.0142	0.0147
June	0.0148	0.0141	0.0146
July	0.0154	0.0143	0.0149
August	0.0152	0.0144	0.0148
September	0.0149	0.0144	0.0147
October	0.0152	0.0140	0.0146
November	0.0152	0.0138	0.0145
December	0.0150	0.0143	0.0145