2014 NOK to RSD Historical Review

YEARLY HIGH

14.6299 RSD

YEARLY LOW

13.1767 RSD

YEARLY AVERAGE

14.0315 RSD

2014 NOK to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NOK to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on September 6, valuing the pair at 14.6299. Conversely, the yearly low was recorded on December 16, dropping to 13.1767.

This high-to-low spread represents a total annual volatility of 1.4532 RSD. From a start-to-finish perspective, comparing the January average rate of 13.7661 to the December average rate of 13.5225, the exchange rate registered a net change of -1.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 14.6299 was down 4.84% compared to the 2013 peak of 15.3738, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 73,150 RSD

2013 Average 72,472 RSD

Yearly Trough Low 65,884 RSD

Transaction Impact: A difference of 7,265.96 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

14.5952

13.4250

JanuMarcMayJulySeptNove

NOK 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 13.9658, compared to 14.0973 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1315 points.

H1 Avg (Jan–Jun) 13.9658

H2 Avg (Jul–Dec) 14.0973

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.7621 RSD (High: 13.9388 / Low: 13.1767). On the other end, April was the most stable month, with a tight range of 0.1443 RSD (High: 14.0518 / Low: 13.9075).

December Spread (Volatile) ±0.7621

April Spread (Stable) ±0.1443

Growth Streaks & Declines

Trends

Between January and May, 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 November and December, when the average rate fell by 0.5812 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.5812

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2014: 14.4976) against the same month in 2013 (average: 14.3540), the exchange rate shifted by +0.1437 (+1.00%).

2014 Avg (September) 14.4976

2013 Avg (September) 14.3540

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.8690	13.6153	13.7661
February	14.0060	13.6319	13.8487
March	14.0692	13.8453	13.9475
April	14.0518	13.9075	13.9887
May	14.2524	14.0014	14.1763
June	14.2586	13.8046	14.0676
July	13.9798	13.7378	13.8607
August	14.4902	13.8925	14.2234
September	14.6299	14.3431	14.4976
October	14.6083	14.0629	14.3756
November	14.2812	13.7745	14.1038
December	13.9388	13.1767	13.5225