2014 LTL to RSD Historical Review

YEARLY HIGH

35.5150 RSD

YEARLY LOW

33.1323 RSD

YEARLY AVERAGE

33.9543 RSD

2014 LTL to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the LTL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 35.5150. Conversely, the yearly low was recorded on March 30, dropping to 33.1323.

This high-to-low spread represents a total annual volatility of 2.3826 RSD. From a start-to-finish perspective, comparing the January average rate of 33.4259 to the December average rate of 35.1957, the exchange rate registered a net change of 5.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 35.5150 was up 6.49% compared to the 2013 peak of 33.3516, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 177,575 RSD

2013 Average 163,743 RSD

Yearly Trough Low 165,662 RSD

Transaction Impact: A difference of 11,913.15 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

35.3727

33.2489

JanuMarcMayJulySeptNove

LTL 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 33.4863, compared to 34.4224 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9360 points.

H1 Avg (Jan–Jun) 33.4863

H2 Avg (Jul–Dec) 34.4224

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.5624 RSD (High: 35.5150 / Low: 34.9526). On the other end, April was the most stable month, with a tight range of 0.0991 RSD (High: 33.5252 / Low: 33.4261).

December Spread (Volatile) ±0.5624

April Spread (Stable) ±0.0991

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 0.0538 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0538

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 35.1957) against the same month in 2013 (average: 33.2278), the exchange rate shifted by +1.9679 (+5.92%).

2014 Avg (December) 35.1957

2013 Avg (December) 33.2278

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	33.6132	33.1972	33.4259
February	33.6232	33.5009	33.5619
March	33.6129	33.1323	33.5152
April	33.5252	33.4261	33.4614
May	33.5898	33.4397	33.4941
June	33.5410	33.3928	33.4596
July	33.8458	33.5376	33.6743
August	34.1614	33.8257	34.0053
September	34.4870	33.9443	34.3644
October	34.6208	34.3496	34.5457
November	34.9423	34.4223	34.7487
December	35.5150	34.9526	35.1957