2015 MAD to RSD Historical Review

YEARLY HIGH

11.4091 RSD

YEARLY LOW

10.9288 RSD

YEARLY AVERAGE

11.1569 RSD

2015 MAD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MAD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 28, valuing the pair at 11.4091. Conversely, the yearly low was recorded on October 14, dropping to 10.9288.

This high-to-low spread represents a total annual volatility of 0.4803 RSD. From a start-to-finish perspective, comparing the January average rate of 11.2452 to the December average rate of 11.2974, the exchange rate registered a net change of 0.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 11.4091 was up 2.49% compared to the 2014 peak of 11.1324, 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 57,045 RSD

2014 Average 52,522 RSD

Yearly Trough Low 54,644 RSD

Transaction Impact: A difference of 2,401.54 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

11.3252

10.9916

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 11.1774, compared to 11.1363 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0412 points.

H1 Avg (Jan–Jun) 11.1774

H2 Avg (Jul–Dec) 11.1363

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 0.4202 RSD (High: 11.4091 / Low: 10.9888). On the other end, September was the most stable month, with a tight range of 0.1189 RSD (High: 11.0834 / Low: 10.9645).

January Spread (Volatile) ±0.4202

September Spread (Stable) ±0.1189

Growth Streaks & Declines

Trends

Between October and December, 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 April and May, when the average rate fell by 0.0943 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0943

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2015: 11.2452) against the same month in 2014 (average: 10.2916), the exchange rate shifted by +0.9536 (+9.27%).

2015 Avg (January) 11.2452

2014 Avg (January) 10.2916

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.4091	10.9888	11.2452
February	11.3857	11.0863	11.2018
March	11.3142	11.1385	11.2300
April	11.2576	11.0486	11.1986
May	11.2413	10.9881	11.1043
June	11.1974	11.0318	11.0847
July	11.1955	11.0722	11.1295
August	11.1684	10.9390	11.0773
September	11.0834	10.9645	11.0243
October	11.1700	10.9288	11.0194
November	11.3886	11.1273	11.2697
December	11.4009	11.2212	11.2974