2014 GTQ to RSD Historical Review

YEARLY HIGH

13.1746 RSD

YEARLY LOW

10.6171 RSD

YEARLY AVERAGE

11.4365 RSD

2014 GTQ to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GTQ to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 13.1746. Conversely, the yearly low was recorded on January 1, dropping to 10.6171.

This high-to-low spread represents a total annual volatility of 2.5575 RSD. From a start-to-finish perspective, comparing the January average rate of 10.7977 to the December average rate of 12.9423, the exchange rate registered a net change of 19.86% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 13.1746 was up 15.96% compared to the 2013 peak of 11.3614, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 65,873 RSD

2013 Average 54,180 RSD

Yearly Trough Low 53,085 RSD

Transaction Impact: A difference of 12,787.63 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

13.1575

10.5751

JanuMarcMayJulySeptNove

GTQ 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 10.8520, compared to 12.0210 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1690 points.

H1 Avg (Jan–Jun) 10.8520

H2 Avg (Jul–Dec) 12.0210

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.6084 RSD (High: 12.1481 / Low: 11.5397). On the other end, June was the most stable month, with a tight range of 0.0854 RSD (High: 10.9166 / Low: 10.8312).

September Spread (Volatile) ±0.6084

June Spread (Stable) ±0.0854

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0955 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0955

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 12.9423) against the same month in 2013 (average: 10.6441), the exchange rate shifted by +2.2982 (+21.59%).

2014 Avg (December) 12.9423

2013 Avg (December) 10.6441

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.9627	10.6171	10.7977
February	11.0078	10.8544	10.9232
March	10.9194	10.7693	10.8277
April	10.8583	10.7142	10.7903
May	10.9550	10.7581	10.8910
June	10.9166	10.8312	10.8818
July	11.1747	10.8852	11.0483
August	11.5504	11.1534	11.2888
September	12.1481	11.5397	11.9036
October	12.4391	12.2283	12.3092
November	12.7369	12.4547	12.6336
December	13.1746	12.6607	12.9423