2020 PEN to RSD Historical Review

YEARLY HIGH

32.3730 RSD

YEARLY LOW

26.4033 RSD

YEARLY AVERAGE

29.5711 RSD

2020 PEN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the PEN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 23, valuing the pair at 32.3730. Conversely, the yearly low was recorded on December 30, dropping to 26.4033.

This high-to-low spread represents a total annual volatility of 5.9697 RSD. From a start-to-finish perspective, comparing the January average rate of 31.8401 to the December average rate of 26.8298, the exchange rate registered a net change of -15.74% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 32.3730 was up 0.33% compared to the 2019 peak of 32.2663, 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 161,865 RSD

2019 Average 157,742 RSD

Yearly Trough Low 132,017 RSD

Transaction Impact: A difference of 29,848.28 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

32.3412

26.3287

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 31.2549, compared to 27.8873 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.3676 points.

H1 Avg (Jan–Jun) 31.2549

H2 Avg (Jul–Dec) 27.8873

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 1.7606 RSD (High: 31.3472 / Low: 29.5866). On the other end, October was the most stable month, with a tight range of 0.4634 RSD (High: 28.0176 / Low: 27.5542).

March Spread (Volatile) ±1.7606

October Spread (Stable) ±0.4634

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 1.4779 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -1.4779

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2020: 31.8155) against the same month in 2019 (average: 31.7890), the exchange rate shifted by +0.0264 (+0.08%).

2020 Avg (April) 31.8155

2019 Avg (April) 31.7890

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.0852	31.3900	31.8401
February	32.2101	30.9972	31.7664
March	31.3472	29.5866	30.4921
April	32.3730	31.1234	31.8155
May	32.0367	30.8436	31.5467
June	30.8539	29.5974	30.0688
July	29.7459	28.2503	29.1955
August	28.3271	27.5833	27.9304
September	28.3527	27.7552	28.0609
October	28.0176	27.5542	27.7946
November	27.9322	27.0514	27.5130
December	27.0582	26.4033	26.8298