2014 HUF to RSD Historical Review

YEARLY HIGH

0.3983 RSD

YEARLY LOW

0.3691 RSD

YEARLY AVERAGE

0.3799 RSD

2014 HUF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HUF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 9, valuing the pair at 0.3983. Conversely, the yearly low was recorded on March 23, dropping to 0.3691.

This high-to-low spread represents a total annual volatility of 0.0292 RSD. From a start-to-finish perspective, comparing the January average rate of 0.3827 to the December average rate of 0.3904, the exchange rate registered a net change of 2.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.3983 was up 1.88% compared to the 2013 peak of 0.3909, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 HUF based on timing:

Yearly Peak High 398,270 RSD

2013 Average 380,922 RSD

Yearly Trough Low 369,072 RSD

Transaction Impact: A difference of 29,198.14 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.3929

0.3695

JanuMarcMayJulySeptNove

HUF 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 0.3769, compared to 0.3829 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0060 points.

H1 Avg (Jan–Jun) 0.3769

H2 Avg (Jul–Dec) 0.3829

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0177 RSD (High: 0.3983 / Low: 0.3806). On the other end, April was the most stable month, with a tight range of 0.0048 RSD (High: 0.3780 / Low: 0.3733).

December Spread (Volatile) ±0.0177

April Spread (Stable) ±0.0048

Growth Streaks & Declines

Trends

Between August and November, 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 0.0088 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0088

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.3904) against the same month in 2013 (average: 0.3828), the exchange rate shifted by +0.0076 (+2.00%).

2014 Avg (December) 0.3904

2013 Avg (December) 0.3828

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3867	0.3717	0.3827
February	0.3775	0.3694	0.3739
March	0.3754	0.3691	0.3714
April	0.3780	0.3733	0.3761
May	0.3828	0.3752	0.3798
June	0.3823	0.3738	0.3776
July	0.3793	0.3715	0.3753
August	0.3764	0.3706	0.3741
September	0.3817	0.3742	0.3788
October	0.3906	0.3827	0.3878
November	0.3949	0.3846	0.3909
December	0.3983	0.3806	0.3904