2014 KMF to RSD Historical Review

YEARLY HIGH

0.2496 RSD

YEARLY LOW

0.2325 RSD

YEARLY AVERAGE

0.2383 RSD

2014 KMF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the KMF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.2496. Conversely, the yearly low was recorded on March 30, dropping to 0.2325.

This high-to-low spread represents a total annual volatility of 0.0170 RSD. From a start-to-finish perspective, comparing the January average rate of 0.2346 to the December average rate of 0.2468, the exchange rate registered a net change of 5.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.2496 was up 6.24% compared to the 2013 peak of 0.2349, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,248 RSD

2013 Average 1,149 RSD

Yearly Trough Low 1,163 RSD

Transaction Impact: A difference of 85.23 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.2481

0.2334

JanuMarcMayJulySeptNove

KMF 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 0.2350, compared to 0.2416 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0067 points.

H1 Avg (Jan–Jun) 0.2350

H2 Avg (Jul–Dec) 0.2416

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0057 RSD (High: 0.2440 / Low: 0.2383). On the other end, February was the most stable month, with a tight range of 0.0009 RSD (High: 0.2359 / Low: 0.2350).

September Spread (Volatile) ±0.0057

February Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between June and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0005 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.2468) against the same month in 2013 (average: 0.2332), the exchange rate shifted by +0.0137 (+5.87%).

2014 Avg (December) 0.2468

2013 Avg (December) 0.2332

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2360	0.2332	0.2346
February	0.2359	0.2350	0.2355
March	0.2368	0.2325	0.2352
April	0.2353	0.2337	0.2347
May	0.2355	0.2344	0.2350
June	0.2353	0.2343	0.2348
July	0.2374	0.2352	0.2363
August	0.2407	0.2375	0.2389
September	0.2440	0.2383	0.2415
October	0.2434	0.2407	0.2424
November	0.2457	0.2420	0.2438
December	0.2496	0.2451	0.2468