2014 RSD to BIF Historical Review

YEARLY HIGH

18.6822 BIF

YEARLY LOW

15.6071 BIF

YEARLY AVERAGE

17.6090 BIF

2014 RSD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RSD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 18.6822. Conversely, the yearly low was recorded on December 23, dropping to 15.6071.

This high-to-low spread represents a total annual volatility of 3.0751 BIF. From a start-to-finish perspective, comparing the January average rate of 18.2812 to the December average rate of 15.8542, the exchange rate registered a net change of -13.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 18.6822 was down 3.52% compared to the 2013 peak of 19.3632, 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 93,411 BIF

2013 Average 91,017 BIF

Yearly Trough Low 78,035 BIF

Transaction Impact: A difference of 15,375.59 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

18.8157

15.5850

JanuMarcMayJulySeptNove

RSD to BIF 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 18.3664, compared to 16.8515 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.5149 points.

H1 Avg (Jan–Jun) 18.3664

H2 Avg (Jul–Dec) 16.8515

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.7555 BIF (High: 17.2983 / Low: 16.5428). On the other end, June was the most stable month, with a tight range of 0.2328 BIF (High: 18.3643 / Low: 18.1314).

September Spread (Volatile) ±0.7555

June Spread (Stable) ±0.2328

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2014. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.7500 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.7500

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 18.3742) against the same month in 2013 (average: 18.3797), the exchange rate shifted by -0.0055 (-0.03%).

2014 Avg (May) 18.3742

2013 Avg (May) 18.3797

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.5572	18.0551	18.2812
February	18.5040	18.0523	18.2797
March	18.6695	18.3635	18.5465
April	18.6446	18.3310	18.5126
May	18.6822	18.1658	18.3742
June	18.3643	18.1314	18.2043
July	18.2904	17.6493	18.0422
August	17.7497	17.1742	17.5786
September	17.2983	16.5428	16.8286
October	16.7459	16.1662	16.5641
November	16.4896	16.0799	16.2416
December	16.1687	15.6071	15.8542