2014 HRK to RSD Historical Review

YEARLY HIGH

15.9869 RSD

YEARLY LOW

14.9432 RSD

YEARLY AVERAGE

15.3578 RSD

2014 HRK to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HRK to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 15.9869. Conversely, the yearly low was recorded on March 30, dropping to 14.9432.

This high-to-low spread represents a total annual volatility of 1.0436 RSD. From a start-to-finish perspective, comparing the January average rate of 15.1205 to the December average rate of 15.8478, the exchange rate registered a net change of 4.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 15.9869 was up 4.28% compared to the 2013 peak of 15.3308, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 79,934 RSD

2013 Average 74,609 RSD

Yearly Trough Low 74,716 RSD

Transaction Impact: A difference of 5,218.07 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

15.9212

15.0403

JanuMarcMayJulySeptNove

HRK 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 15.1673, compared to 15.5483 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3810 points.

H1 Avg (Jan–Jun) 15.1673

H2 Avg (Jul–Dec) 15.5483

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.3025 RSD (High: 15.6277 / Low: 15.3251). On the other end, June was the most stable month, with a tight range of 0.0736 RSD (High: 15.2885 / Low: 15.2148).

September Spread (Volatile) ±0.3025

June Spread (Stable) ±0.0736

Growth Streaks & Declines

Trends

Between March and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0241 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0241

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 15.8478) against the same month in 2013 (average: 15.0247), the exchange rate shifted by +0.8231 (+5.48%).

2014 Avg (December) 15.8478

2013 Avg (December) 15.0247

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.1733	15.0318	15.1205
February	15.1789	15.1026	15.1378
March	15.1664	14.9432	15.1137
April	15.2129	15.0876	15.1534
May	15.2823	15.1796	15.2272
June	15.2885	15.2148	15.2509
July	15.3205	15.2230	15.2720
August	15.4740	15.2750	15.3850
September	15.6277	15.3251	15.5633
October	15.6207	15.5189	15.5789
November	15.7148	15.5062	15.6428
December	15.9869	15.7238	15.8478