2014 MOP to RSD Historical Review

YEARLY HIGH

12.5220 RSD

YEARLY LOW

10.3970 RSD

YEARLY AVERAGE

11.0703 RSD

2014 MOP to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MOP to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 12.5220. Conversely, the yearly low was recorded on May 6, dropping to 10.3970.

This high-to-low spread represents a total annual volatility of 2.1250 RSD. From a start-to-finish perspective, comparing the January average rate of 10.6013 to the December average rate of 12.3510, the exchange rate registered a net change of 16.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 12.5220 was up 12.56% compared to the 2013 peak of 11.1248, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 62,610 RSD

2013 Average 53,295 RSD

Yearly Trough Low 51,985 RSD

Transaction Impact: A difference of 10,624.95 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

12.5389

10.2834

JanuMarcMayJulySeptNove

MOP 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 10.5588, compared to 11.5819 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.0231 points.

H1 Avg (Jan–Jun) 10.5588

H2 Avg (Jul–Dec) 11.5819

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.4683 RSD (High: 11.7004 / Low: 11.2321). On the other end, June was the most stable month, with a tight range of 0.0717 RSD (High: 10.6803 / Low: 10.6086).

September Spread (Volatile) ±0.4683

June Spread (Stable) ±0.0717

Growth Streaks & Declines

Trends

Between March and December, 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 February and March, when the average rate fell by 0.1497 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.1497

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 12.3510) against the same month in 2013 (average: 10.4838), the exchange rate shifted by +1.8672 (+17.81%).

2014 Avg (December) 12.3510

2013 Avg (December) 10.4838

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.7180	10.4266	10.6013
February	10.7343	10.5185	10.6210
March	10.5629	10.3985	10.4713
April	10.5482	10.4183	10.4727
May	10.6435	10.3970	10.5454
June	10.6803	10.6086	10.6410
July	10.9309	10.6080	10.7534
August	11.2306	10.9055	11.0401
September	11.7004	11.2321	11.5187
October	11.8576	11.6805	11.7799
November	12.1420	11.8781	12.0483
December	12.5220	12.1203	12.3510