2014 RSD to BGN Historical Review

YEARLY HIGH

0.0171 BGN

YEARLY LOW

0.0160 BGN

YEARLY AVERAGE

0.0167 BGN

2014 RSD to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RSD to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 30, valuing the pair at 0.0171. Conversely, the yearly low was recorded on December 17, dropping to 0.0160.

This high-to-low spread represents a total annual volatility of 0.0012 BGN. From a start-to-finish perspective, comparing the January average rate of 0.0170 to the December average rate of 0.0161, the exchange rate registered a net change of -5.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0171 was down 3.50% compared to the 2013 peak of 0.0177, 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 86 BGN

2013 Average 87 BGN

Yearly Trough Low 80 BGN

Transaction Impact: A difference of 5.77 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0170

0.0160

JanuMarcMayJulySeptNove

RSD to BGN 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 0.0169, compared to 0.0165 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0169

H2 Avg (Jul–Dec) 0.0165

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0003 BGN (High: 0.0167 / Low: 0.0164). On the other end, April was the most stable month, with a tight range of 0.0001 BGN (High: 0.0170 / Low: 0.0169).

September Spread (Volatile) ±0.0003

April Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0002 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 0.0169) against the same month in 2013 (average: 0.0175), the exchange rate shifted by -0.0006 (-3.45%).

2014 Avg (March) 0.0169

2013 Avg (March) 0.0175

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0171	0.0169	0.0170
February	0.0169	0.0169	0.0169
March	0.0171	0.0169	0.0169
April	0.0170	0.0169	0.0169
May	0.0170	0.0169	0.0169
June	0.0170	0.0169	0.0169
July	0.0169	0.0167	0.0168
August	0.0168	0.0166	0.0167
September	0.0167	0.0164	0.0165
October	0.0165	0.0164	0.0164
November	0.0165	0.0162	0.0163
December	0.0162	0.0160	0.0161