2016 MAD to RSD Historical Review

YEARLY HIGH

11.6756 RSD

YEARLY LOW

11.1395 RSD

YEARLY AVERAGE

11.3442 RSD

2016 MAD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MAD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 18, valuing the pair at 11.6756. Conversely, the yearly low was recorded on May 1, dropping to 11.1395.

This high-to-low spread represents a total annual volatility of 0.5362 RSD. From a start-to-finish perspective, comparing the January average rate of 11.3900 to the December average rate of 11.5721, the exchange rate registered a net change of 1.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 11.6756 was up 2.34% compared to the 2015 peak of 11.4091, 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 58,378 RSD

2015 Average 55,783 RSD

Yearly Trough Low 55,697 RSD

Transaction Impact: A difference of 2,680.78 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

11.6078

11.1796

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 11.3003, compared to 11.3881 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0878 points.

H1 Avg (Jan–Jun) 11.3003

H2 Avg (Jul–Dec) 11.3881

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.2973 RSD (High: 11.5731 / Low: 11.2758). On the other end, September was the most stable month, with a tight range of 0.0512 RSD (High: 11.3313 / Low: 11.2801).

November Spread (Volatile) ±0.2973

September Spread (Stable) ±0.0512

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1187 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1187

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 11.5721) against the same month in 2015 (average: 11.2974), the exchange rate shifted by +0.2747 (+2.43%).

2016 Avg (December) 11.5721

2015 Avg (December) 11.2974

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.4556	11.2843	11.3900
February	11.4332	11.1754	11.3128
March	11.4666	11.2060	11.3340
April	11.2803	11.1487	11.2153
May	11.4209	11.1395	11.2440
June	11.4431	11.2186	11.3059
July	11.4114	11.3013	11.3585
August	11.3430	11.2556	11.2987
September	11.3313	11.2801	11.3035
October	11.4164	11.2768	11.3539
November	11.5731	11.2758	11.4422
December	11.6756	11.4721	11.5721