2019 MAD to RSD Historical Review

YEARLY HIGH

11.1667 RSD

YEARLY LOW

10.6460 RSD

YEARLY AVERAGE

10.9453 RSD

2019 MAD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the MAD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 24, valuing the pair at 11.1667. Conversely, the yearly low was recorded on January 2, dropping to 10.6460.

This high-to-low spread represents a total annual volatility of 0.5207 RSD. From a start-to-finish perspective, comparing the January average rate of 10.8739 to the December average rate of 10.9931, the exchange rate registered a net change of 1.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 11.1667 was up 1.60% compared to the 2018 peak of 10.9912, 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 55,834 RSD

2018 Average 53,363 RSD

Yearly Trough Low 53,230 RSD

Transaction Impact: A difference of 2,603.41 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

11.0568

10.8453

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 10.8851, compared to 11.0054 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1203 points.

H1 Avg (Jan–Jun) 10.8851

H2 Avg (Jul–Dec) 11.0054

Volatility Range Comparison

Volatility

The most volatile month in 2019 was January, with a trading range of 0.3102 RSD (High: 10.9562 / Low: 10.6460). On the other end, May was the most stable month, with a tight range of 0.0872 RSD (High: 10.9319 / Low: 10.8447).

January Spread (Volatile) ±0.3102

May Spread (Stable) ±0.0872

Growth Streaks & Declines

Trends

Between March and May, 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 February and March, when the average rate fell by 0.0528 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0528

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2019: 11.0392) against the same month in 2018 (average: 10.7919), the exchange rate shifted by +0.2473 (+2.29%).

2019 Avg (August) 11.0392

2018 Avg (August) 10.7919

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.9562	10.6460	10.8739
February	10.9767	10.8484	10.9166
March	10.9237	10.7917	10.8639
April	10.9509	10.8465	10.8965
May	10.9319	10.8447	10.8969
June	10.9714	10.8217	10.8629
July	11.0209	10.8494	10.9487
August	11.1667	10.9766	11.0392
September	11.1304	10.9564	11.0298
October	11.0628	10.9441	11.0060
November	11.0684	10.9368	11.0156
December	11.0555	10.9324	10.9931