2014 RSD to ARS Historical Review

YEARLY HIGH

0.0964 ARS

YEARLY LOW

0.0775 ARS

YEARLY AVERAGE

0.0919 ARS

2014 RSD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RSD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 0.0964. Conversely, the yearly low was recorded on January 5, dropping to 0.0775.

This high-to-low spread represents a total annual volatility of 0.0189 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0825 to the December average rate of 0.0866, the exchange rate registered a net change of 4.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0964 was up 22.91% compared to the 2013 peak of 0.0784, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 482 ARS

2013 Average 322 ARS

Yearly Trough Low 388 ARS

Transaction Impact: A difference of 94.40 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0970

0.0811

JanuMarcMayJulySeptNove

RSD to ARS 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 0.0928, compared to 0.0910 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 0.0928

H2 Avg (Jul–Dec) 0.0910

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0170 ARS (High: 0.0945 / Low: 0.0775). On the other end, June was the most stable month, with a tight range of 0.0010 ARS (High: 0.0961 / Low: 0.0951).

January Spread (Volatile) ±0.0170

June Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between January and April, 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 August and September, when the average rate fell by 0.0028 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0028

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 0.0954) against the same month in 2013 (average: 0.0612), the exchange rate shifted by +0.0342 (+55.84%).

2014 Avg (May) 0.0954

2013 Avg (May) 0.0612

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0945	0.0775	0.0825
February	0.0937	0.0918	0.0926
March	0.0962	0.0934	0.0947
April	0.0962	0.0949	0.0957
May	0.0964	0.0949	0.0954
June	0.0961	0.0951	0.0957
July	0.0960	0.0939	0.0950
August	0.0948	0.0936	0.0943
September	0.0937	0.0902	0.0914
October	0.0908	0.0891	0.0900
November	0.0897	0.0878	0.0885
December	0.0881	0.0847	0.0866