2014 MMK to RSD Historical Review

YEARLY HIGH

0.0970 RSD

YEARLY LOW

0.0844 RSD

YEARLY AVERAGE

0.0898 RSD

2014 MMK to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MMK to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 0.0970. Conversely, the yearly low was recorded on January 1, dropping to 0.0844.

This high-to-low spread represents a total annual volatility of 0.0126 RSD. From a start-to-finish perspective, comparing the January average rate of 0.0860 to the December average rate of 0.0958, the exchange rate registered a net change of 11.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0970 was down 3.60% compared to the 2013 peak of 0.1007, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MMK based on timing:

Yearly Peak High 485 RSD

2013 Average 457 RSD

Yearly Trough Low 422 RSD

Transaction Impact: A difference of 63.17 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0968

0.0850

JanuMarcMayJulySeptNove

MMK 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 0.0867, compared to 0.0928 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0061 points.

H1 Avg (Jan–Jun) 0.0867

H2 Avg (Jul–Dec) 0.0928

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.0038 RSD (High: 0.0950 / Low: 0.0912). On the other end, April was the most stable month, with a tight range of 0.0010 RSD (High: 0.0876 / Low: 0.0866).

November Spread (Volatile) ±0.0038

April Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between January and October, 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 October and November, when the average rate fell by 0.0011 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0958) against the same month in 2013 (average: 0.0851), the exchange rate shifted by +0.0107 (+12.57%).

2014 Avg (December) 0.0958

2013 Avg (December) 0.0851

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0870	0.0844	0.0860
February	0.0872	0.0856	0.0862
March	0.0873	0.0855	0.0864
April	0.0876	0.0866	0.0870
May	0.0880	0.0864	0.0874
June	0.0880	0.0867	0.0874
July	0.0897	0.0868	0.0882
August	0.0923	0.0895	0.0907
September	0.0948	0.0923	0.0938
October	0.0959	0.0938	0.0947
November	0.0950	0.0912	0.0936
December	0.0970	0.0939	0.0958