2020 MAD to RSD Historical Review

YEARLY HIGH

11.2113 RSD

YEARLY LOW

10.4037 RSD

YEARLY AVERAGE

10.8637 RSD

2020 MAD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MAD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 19, valuing the pair at 11.2113. Conversely, the yearly low was recorded on December 14, dropping to 10.4037.

This high-to-low spread represents a total annual volatility of 0.8076 RSD. From a start-to-finish perspective, comparing the January average rate of 11.0208 to the December average rate of 10.7558, the exchange rate registered a net change of -2.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 11.2113 was up 0.40% compared to the 2019 peak of 11.1667, 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 56,057 RSD

2019 Average 54,727 RSD

Yearly Trough Low 52,019 RSD

Transaction Impact: A difference of 4,037.99 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

11.1765

10.6332

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 10.9249, compared to 10.8025 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1224 points.

H1 Avg (Jan–Jun) 10.9249

H2 Avg (Jul–Dec) 10.8025

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.6661 RSD (High: 11.2113 / Low: 10.5452). On the other end, November was the most stable month, with a tight range of 0.1196 RSD (High: 10.9420 / Low: 10.8225).

March Spread (Volatile) ±0.6661

November Spread (Stable) ±0.1196

Growth Streaks & Declines

Trends

Between July and November, 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 0.3057 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.3057

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 10.9842) against the same month in 2019 (average: 10.8639), the exchange rate shifted by +0.1204 (+1.11%).

2020 Avg (March) 10.9842

2019 Avg (March) 10.8639

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.0726	10.9010	11.0208
February	11.1883	11.0579	11.1312
March	11.2113	10.5452	10.9842
April	10.9537	10.5032	10.6785
May	11.0387	10.7875	10.9417
June	10.8754	10.7184	10.7928
July	10.8178	10.6050	10.7486
August	10.8400	10.6615	10.7698
September	10.8957	10.7323	10.8179
October	10.9347	10.7651	10.8546
November	10.9420	10.8225	10.8684
December	10.8246	10.4037	10.7558