2014 HNL to RSD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2014.
2014 HNL to RSD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2014
During 2014, the HNL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 4.7631. Conversely, the yearly low was recorded on June 30, dropping to 4.0385.
This high-to-low spread represents a total annual volatility of 0.7246 RSD. From a start-to-finish perspective, comparing the January average rate of 4.2244 to the December average rate of 4.6807, the exchange rate registered a net change of 10.80% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2014 high of 4.7631 was up 4.87% compared to the 2013 peak of 4.5421, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 HNL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2014.
HNL to RSD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 4.2806, compared to 4.3832 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1026 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2014 was May, with a trading range of 0.3495 RSD (High: 4.4506 / Low: 4.1011). On the other end, April was the most stable month, with a tight range of 0.0400 RSD (High: 4.3856 / Low: 4.3456).
Growth Streaks & Declines
TrendsBetween 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 May and June, when the average rate fell by 0.3080 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2014: 4.6807) against the same month in 2013 (average: 4.1015), the exchange rate shifted by +0.5792 (+14.12%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.3069 | 4.1088 | 4.2244 |
| February | 4.3227 | 4.2766 | 4.2975 |
| March | 4.3677 | 4.2955 | 4.3293 |
| April | 4.3856 | 4.3456 | 4.3684 |
| May | 4.4506 | 4.1011 | 4.3860 |
| June | 4.1100 | 4.0385 | 4.0780 |
| July | 4.1714 | 4.0407 | 4.0971 |
| August | 4.2531 | 4.1614 | 4.1968 |
| September | 4.4346 | 4.2543 | 4.3619 |
| October | 4.4936 | 4.3914 | 4.4331 |
| November | 4.5736 | 4.4572 | 4.5294 |
| December | 4.7631 | 4.5654 | 4.6807 |