2018 PEN to RSD Historical Review

YEARLY HIGH

31.6062 RSD

YEARLY LOW

29.0311 RSD

YEARLY AVERAGE

30.4817 RSD

2018 PEN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the PEN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 31.6062. Conversely, the yearly low was recorded on February 14, dropping to 29.0311.

This high-to-low spread represents a total annual volatility of 2.5752 RSD. From a start-to-finish perspective, comparing the January average rate of 30.2324 to the December average rate of 30.8985, the exchange rate registered a net change of 2.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 31.6062 was down 12.70% compared to the 2017 peak of 36.2050, 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 158,031 RSD

2017 Average 165,040 RSD

Yearly Trough Low 145,155 RSD

Transaction Impact: A difference of 12,875.79 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

31.2659

29.3307

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 30.0830, compared to 30.8804 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.7974 points.

H1 Avg (Jan–Jun) 30.0830

H2 Avg (Jul–Dec) 30.8804

Volatility Range Comparison

Volatility

The most volatile month in 2018 was January, with a trading range of 1.1840 RSD (High: 30.8959 / Low: 29.7119). On the other end, July was the most stable month, with a tight range of 0.3818 RSD (High: 30.9663 / Low: 30.5846).

January Spread (Volatile) ±1.1840

July Spread (Stable) ±0.3818

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.7362 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.7362

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2018: 31.1046) against the same month in 2017 (average: 31.1922), the exchange rate shifted by -0.0876 (-0.28%).

2018 Avg (August) 31.1046

2017 Avg (August) 31.1922

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	30.8959	29.7119	30.2324
February	29.7917	29.0311	29.4962
March	29.8284	29.1968	29.4919
April	30.1363	29.5258	29.8118
May	31.2003	30.0812	30.5431
June	31.2879	30.6703	30.9224
July	30.9663	30.5846	30.8149
August	31.6062	30.6222	31.1046
September	30.8905	30.4183	30.6789
October	31.2465	30.6028	30.9406
November	30.9950	30.6045	30.8450
December	31.2732	30.5375	30.8985