2014 NGN to RSD Historical Review

YEARLY HIGH

0.5792 RSD

YEARLY LOW

0.5045 RSD

YEARLY AVERAGE

0.5354 RSD

2014 NGN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NGN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on October 4, valuing the pair at 0.5792. Conversely, the yearly low was recorded on March 30, dropping to 0.5045.

This high-to-low spread represents a total annual volatility of 0.0747 RSD. From a start-to-finish perspective, comparing the January average rate of 0.5292 to the December average rate of 0.5424, the exchange rate registered a net change of 2.49% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.5792 was up 4.88% compared to the 2013 peak of 0.5523, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 579,230 RSD

2013 Average 534,688 RSD

Yearly Trough Low 504,507 RSD

Transaction Impact: A difference of 74,722.29 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.5779

0.5017

JanuMarcMayJulySeptNove

NGN 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 0.5188, compared to 0.5520 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0332 points.

H1 Avg (Jan–Jun) 0.5188

H2 Avg (Jul–Dec) 0.5520

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.0361 RSD (High: 0.5786 / Low: 0.5425). On the other end, June was the most stable month, with a tight range of 0.0058 RSD (High: 0.5234 / Low: 0.5176).

November Spread (Volatile) ±0.0361

June Spread (Stable) ±0.0058

Growth Streaks & Declines

Trends

Between March and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0181 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0181

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2014: 0.5716) against the same month in 2013 (average: 0.5231), the exchange rate shifted by +0.0485 (+9.27%).

2014 Avg (October) 0.5716

2013 Avg (October) 0.5231

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5354	0.5197	0.5292
February	0.5277	0.5083	0.5179
March	0.5147	0.5045	0.5080
April	0.5205	0.5079	0.5159
May	0.5244	0.5155	0.5207
June	0.5234	0.5176	0.5209
July	0.5391	0.5200	0.5291
August	0.5528	0.5374	0.5441
September	0.5717	0.5522	0.5642
October	0.5792	0.5650	0.5716
November	0.5786	0.5425	0.5605
December	0.5479	0.5297	0.5424