2014 PEN to RSD Historical Review

YEARLY HIGH

33.6628 RSD

YEARLY LOW

29.5983 RSD

YEARLY AVERAGE

31.1301 RSD

2014 PEN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the PEN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 33.6628. Conversely, the yearly low was recorded on May 6, dropping to 29.5983.

This high-to-low spread represents a total annual volatility of 4.0645 RSD. From a start-to-finish perspective, comparing the January average rate of 30.1567 to the December average rate of 33.3221, the exchange rate registered a net change of 10.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 33.6628 was down 0.43% compared to the 2013 peak of 33.8068, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 168,314 RSD

2013 Average 157,719 RSD

Yearly Trough Low 147,991 RSD

Transaction Impact: A difference of 20,322.45 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

33.6720

29.4738

JanuMarcMayJulySeptNove

PEN 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 30.1149, compared to 32.1454 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.0305 points.

H1 Avg (Jan–Jun) 30.1149

H2 Avg (Jul–Dec) 32.1454

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 1.0909 RSD (High: 30.6891 / Low: 29.5983). On the other end, February was the most stable month, with a tight range of 0.4063 RSD (High: 30.4152 / Low: 30.0088).

May Spread (Volatile) ±1.0909

February Spread (Stable) ±0.4063

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 0.3293 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.3293

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 33.3221) against the same month in 2013 (average: 30.0549), the exchange rate shifted by +3.2672 (+10.87%).

2014 Avg (December) 33.3221

2013 Avg (December) 30.0549

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	30.4097	29.7617	30.1567
February	30.4152	30.0088	30.1529
March	30.1533	29.6028	29.8236
April	30.1487	29.7257	29.9675
May	30.6891	29.5983	30.1797
June	30.6954	30.2370	30.4088
July	31.2445	30.2733	30.8158
August	31.5529	31.0547	31.3265
September	32.4502	31.4868	32.1206
October	32.6816	32.1697	32.3995
November	33.2422	32.4697	32.8876
December	33.6628	32.9893	33.3221