2014 JMD to RSD Historical Review

YEARLY HIGH

0.8752 RSD

YEARLY LOW

0.7543 RSD

YEARLY AVERAGE

0.7972 RSD

2014 JMD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the JMD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.8752. Conversely, the yearly low was recorded on May 6, dropping to 0.7543.

This high-to-low spread represents a total annual volatility of 0.1209 RSD. From a start-to-finish perspective, comparing the January average rate of 0.7964 to the December average rate of 0.8664, the exchange rate registered a net change of 8.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.8752 was down 6.21% compared to the 2013 peak of 0.9330, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,376 RSD

2013 Average 4,273 RSD

Yearly Trough Low 3,771 RSD

Transaction Impact: A difference of 604.25 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.8768

0.7516

JanuMarcMayJulySeptNove

JMD 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 0.7741, compared to 0.8202 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0461 points.

H1 Avg (Jan–Jun) 0.7741

H2 Avg (Jul–Dec) 0.8202

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0355 RSD (High: 0.8317 / Low: 0.7962). On the other end, June was the most stable month, with a tight range of 0.0100 RSD (High: 0.7676 / Low: 0.7575).

September Spread (Volatile) ±0.0355

June Spread (Stable) ±0.0100

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0194 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0194

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.8664) against the same month in 2013 (average: 0.8014), the exchange rate shifted by +0.0649 (+8.10%).

2014 Avg (December) 0.8664

2013 Avg (December) 0.8014

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8026	0.7854	0.7964
February	0.8003	0.7788	0.7893
March	0.7810	0.7625	0.7699
April	0.7706	0.7601	0.7636
May	0.7663	0.7543	0.7621
June	0.7676	0.7575	0.7634
July	0.7756	0.7572	0.7643
August	0.7966	0.7732	0.7834
September	0.8317	0.7962	0.8175
October	0.8423	0.8315	0.8372
November	0.8578	0.8423	0.8525
December	0.8752	0.8542	0.8664