2018 HNL to RSD Historical Review

YEARLY HIGH

4.5561 RSD

YEARLY LOW

4.0001 RSD

YEARLY AVERAGE

4.1893 RSD

2018 HNL to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the HNL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 4, valuing the pair at 4.5561. Conversely, the yearly low was recorded on February 15, dropping to 4.0001.

This high-to-low spread represents a total annual volatility of 0.5560 RSD. From a start-to-finish perspective, comparing the January average rate of 4.1146 to the December average rate of 4.2856, the exchange rate registered a net change of 4.16% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 4.5561 was down 10.92% compared to the 2017 peak of 5.1145, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 22,780 RSD

2017 Average 22,936 RSD

Yearly Trough Low 20,000 RSD

Transaction Impact: A difference of 2,779.95 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

4.3100

4.0335

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 4.1207, compared to 4.2578 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1371 points.

H1 Avg (Jan–Jun) 4.1207

H2 Avg (Jul–Dec) 4.2578

Volatility Range Comparison

Volatility

The most volatile month in 2018 was December, with a trading range of 0.3279 RSD (High: 4.5561 / Low: 4.2282). On the other end, July was the most stable month, with a tight range of 0.0515 RSD (High: 4.2310 / Low: 4.1795).

December Spread (Volatile) ±0.3279

July Spread (Stable) ±0.0515

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0542 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0542

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 4.2856) against the same month in 2017 (average: 4.2493), the exchange rate shifted by +0.0363 (+0.86%).

2018 Avg (December) 4.2856

2017 Avg (December) 4.2493

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4.2085	4.0418	4.1146
February	4.1182	4.0001	4.0604
March	4.0896	4.0214	4.0565
April	4.1350	4.0252	4.0682
May	4.2847	4.1336	4.2046
June	4.2518	4.1653	4.2199
July	4.2310	4.1795	4.2093
August	4.3301	4.2082	4.2624
September	4.2625	4.1721	4.2213
October	4.3368	4.2373	4.2814
November	4.3257	4.2524	4.2869
December	4.5561	4.2282	4.2856