2018 MAD to RSD Historical Review

YEARLY HIGH

10.9912 RSD

YEARLY LOW

10.3681 RSD

YEARLY AVERAGE

10.6710 RSD

2018 MAD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MAD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 27, valuing the pair at 10.9912. Conversely, the yearly low was recorded on February 15, dropping to 10.3681.

This high-to-low spread represents a total annual volatility of 0.6231 RSD. From a start-to-finish perspective, comparing the January average rate of 10.5074 to the December average rate of 10.8987, the exchange rate registered a net change of 3.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 10.9912 was down 5.44% compared to the 2017 peak of 11.6236, 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 54,956 RSD

2017 Average 55,409 RSD

Yearly Trough Low 51,841 RSD

Transaction Impact: A difference of 3,115.37 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

10.9914

10.3752

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 10.5140, compared to 10.8280 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3140 points.

H1 Avg (Jan–Jun) 10.5140

H2 Avg (Jul–Dec) 10.8280

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.1943 RSD (High: 10.6997 / Low: 10.5054). On the other end, July was the most stable month, with a tight range of 0.0554 RSD (High: 10.7036 / Low: 10.6482).

May Spread (Volatile) ±0.1943

July Spread (Stable) ±0.0554

Growth Streaks & Declines

Trends

Between February and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0809 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0809

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2018: 10.9401) against the same month in 2017 (average: 10.7007), the exchange rate shifted by +0.2394 (+2.24%).

2018 Avg (November) 10.9401

2017 Avg (November) 10.7007

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.6071	10.4451	10.5074
February	10.4824	10.3681	10.4265
March	10.4981	10.3777	10.4362
April	10.5303	10.4097	10.4526
May	10.6997	10.5054	10.6110
June	10.6934	10.6018	10.6502
July	10.7036	10.6482	10.6729
August	10.8613	10.6958	10.7919
September	10.8321	10.7269	10.7936
October	10.9248	10.8138	10.8710
November	10.9912	10.8814	10.9401
December	10.9759	10.7976	10.8987