2014 MRO to RSD Historical Review

YEARLY HIGH

0.3431 RSD

YEARLY LOW

0.2794 RSD

YEARLY AVERAGE

0.3028 RSD

2014 MRO to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MRO to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 0.3431. Conversely, the yearly low was recorded on March 30, dropping to 0.2794.

This high-to-low spread represents a total annual volatility of 0.0636 RSD. From a start-to-finish perspective, comparing the January average rate of 0.2914 to the December average rate of 0.3394, the exchange rate registered a net change of 16.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.3431 was up 5.56% compared to the 2013 peak of 0.3250, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,715 RSD

2013 Average 1,452 RSD

Yearly Trough Low 1,397 RSD

Transaction Impact: A difference of 318.19 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.3450

0.2779

JanuMarcMayJulySeptNove

MRO 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 0.2884, compared to 0.3172 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0288 points.

H1 Avg (Jan–Jun) 0.2884

H2 Avg (Jul–Dec) 0.3172

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0135 RSD (High: 0.3216 / Low: 0.3081). On the other end, June was the most stable month, with a tight range of 0.0036 RSD (High: 0.2921 / Low: 0.2885).

September Spread (Volatile) ±0.0135

June Spread (Stable) ±0.0036

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0055 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0055

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.3394) against the same month in 2013 (average: 0.2872), the exchange rate shifted by +0.0522 (+18.18%).

2014 Avg (December) 0.3394

2013 Avg (December) 0.2872

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2948	0.2864	0.2914
February	0.2952	0.2892	0.2917
March	0.2901	0.2794	0.2862
April	0.2884	0.2797	0.2835
May	0.2916	0.2819	0.2867
June	0.2921	0.2885	0.2907
July	0.2986	0.2905	0.2943
August	0.3079	0.2988	0.3019
September	0.3216	0.3081	0.3157
October	0.3259	0.3186	0.3223
November	0.3337	0.3226	0.3294
December	0.3431	0.3340	0.3394