2017 MAD to RSD Historical Review

YEARLY HIGH

11.6236 RSD

YEARLY LOW

10.5356 RSD

YEARLY AVERAGE

11.0849 RSD

2017 MAD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the MAD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 11.6236. Conversely, the yearly low was recorded on December 31, dropping to 10.5356.

This high-to-low spread represents a total annual volatility of 1.0880 RSD. From a start-to-finish perspective, comparing the January average rate of 11.5693 to the December average rate of 10.6596, the exchange rate registered a net change of -7.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 11.6236 was down 0.45% compared to the 2016 peak of 11.6756, 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 58,118 RSD

2016 Average 56,724 RSD

Yearly Trough Low 52,678 RSD

Transaction Impact: A difference of 5,440.13 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

11.6640

10.5683

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 11.4391, compared to 10.7306 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7085 points.

H1 Avg (Jan–Jun) 11.4391

H2 Avg (Jul–Dec) 10.7306

Volatility Range Comparison

Volatility

The most volatile month in 2017 was June, with a trading range of 0.2748 RSD (High: 11.2141 / Low: 10.9392). On the other end, October was the most stable month, with a tight range of 0.0955 RSD (High: 10.7922 / Low: 10.6966).

June Spread (Volatile) ±0.2748

October Spread (Stable) ±0.0955

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.2461 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.2461

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 11.5693) against the same month in 2016 (average: 11.3900), the exchange rate shifted by +0.1794 (+1.57%).

2017 Avg (January) 11.5693

2016 Avg (January) 11.3900

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.6236	11.5082	11.5693
February	11.6179	11.5077	11.5727
March	11.6012	11.4931	11.5437
April	11.5929	11.3639	11.5067
May	11.4025	11.1883	11.3067
June	11.2141	10.9392	11.1357
July	10.9916	10.7643	10.8896
August	10.7957	10.5971	10.7096
September	10.7572	10.6360	10.6847
October	10.7922	10.6966	10.7396
November	10.7578	10.6484	10.7007
December	10.7460	10.5356	10.6596