2013 MAD to RSD Historical Review

YEARLY HIGH

10.3208 RSD

YEARLY LOW

9.8916 RSD

YEARLY AVERAGE

10.1271 RSD

2013 MAD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the MAD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 10, valuing the pair at 10.3208. Conversely, the yearly low was recorded on February 3, dropping to 9.8916.

This high-to-low spread represents a total annual volatility of 0.4292 RSD. From a start-to-finish perspective, comparing the January average rate of 10.0259 to the December average rate of 10.2064, the exchange rate registered a net change of 1.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 10.3208 was down 4.80% compared to the 2012 peak of 10.8409, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 51,604 RSD

2012 Average 50,859 RSD

Yearly Trough Low 49,458 RSD

Transaction Impact: A difference of 2,146.07 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

10.2829

9.9382

JanuMarcMayJulySeptNove

MAD 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 10.0468, compared to 10.2074 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1606 points.

H1 Avg (Jan–Jun) 10.0468

H2 Avg (Jul–Dec) 10.2074

Volatility Range Comparison

Volatility

The most volatile month in 2013 was January, with a trading range of 0.1904 RSD (High: 10.1268 / Low: 9.9364). On the other end, December was the most stable month, with a tight range of 0.0605 RSD (High: 10.2428 / Low: 10.1823).

January Spread (Volatile) ±0.1904

December Spread (Stable) ±0.0605

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0887 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0887

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2013: 10.2542) against the same month in 2012 (average: 10.4636), the exchange rate shifted by -0.2094 (-2.00%).

2013 Avg (September) 10.2542

2012 Avg (September) 10.4636

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.1268	9.9364	10.0259
February	10.0130	9.8916	9.9670
March	10.1063	10.0085	10.0571
April	10.0875	9.9281	10.0248
May	10.1042	9.9314	9.9798
June	10.2882	10.1333	10.2260
July	10.2915	10.1886	10.2304
August	10.2535	10.1718	10.2047
September	10.3208	10.2046	10.2542
October	10.2176	10.0487	10.1655
November	10.2246	10.1571	10.1832
December	10.2428	10.1823	10.2064