2014 HTG to RSD Historical Review

YEARLY HIGH

2.1750 RSD

YEARLY LOW

1.8353 RSD

YEARLY AVERAGE

1.9865 RSD

2014 HTG to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HTG to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 25, valuing the pair at 2.1750. Conversely, the yearly low was recorded on March 13, dropping to 1.8353.

This high-to-low spread represents a total annual volatility of 0.3398 RSD. From a start-to-finish perspective, comparing the January average rate of 1.9745 to the December average rate of 2.1221, the exchange rate registered a net change of 7.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.1750 was up 0.11% compared to the 2013 peak of 2.1727, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,875 RSD

2013 Average 10,012 RSD

Yearly Trough Low 9,176 RSD

Transaction Impact: A difference of 1,698.75 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.1471

1.8463

JanuMarcMayJulySeptNove

HTG 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 1.9334, compared to 2.0397 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1064 points.

H1 Avg (Jan–Jun) 1.9334

H2 Avg (Jul–Dec) 2.0397

Volatility Range Comparison

Volatility

The most volatile month in 2014 was February, with a trading range of 0.2600 RSD (High: 2.1750 / Low: 1.9151). On the other end, June was the most stable month, with a tight range of 0.0245 RSD (High: 1.8961 / Low: 1.8716).

February Spread (Volatile) ±0.2600

June Spread (Stable) ±0.0245

Growth Streaks & Declines

Trends

Between May and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.2133 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.2133

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2014: 2.1056) against the same month in 2013 (average: 1.9587), the exchange rate shifted by +0.1469 (+7.50%).

2014 Avg (February) 2.1056

2013 Avg (February) 1.9587

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0676	1.9045	1.9745
February	2.1750	1.9151	2.1056
March	1.9259	1.8353	1.8923
April	1.8903	1.8591	1.8735
May	1.8882	1.8460	1.8714
June	1.8961	1.8716	1.8829
July	1.9452	1.8877	1.9131
August	2.0031	1.9264	1.9630
September	2.0946	2.0085	2.0544
October	2.1217	2.0793	2.0987
November	2.1397	2.0639	2.0870
December	2.1512	2.0813	2.1221