2015 RSD to BIF Historical Review

YEARLY HIGH

15.6353 BIF

YEARLY LOW

13.5261 BIF

YEARLY AVERAGE

14.4083 BIF

2015 RSD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the RSD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 3, valuing the pair at 15.6353. Conversely, the yearly low was recorded on November 30, dropping to 13.5261.

This high-to-low spread represents a total annual volatility of 2.1093 BIF. From a start-to-finish perspective, comparing the January average rate of 14.8883 to the December average rate of 13.9120, the exchange rate registered a net change of -6.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 15.6353 was down 16.31% compared to the 2014 peak of 18.6822, 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 78,177 BIF

2014 Average 88,026 BIF

Yearly Trough Low 67,630 BIF

Transaction Impact: A difference of 10,546.46 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

14.9922

13.7452

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 14.4796, compared to 14.3370 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1426 points.

H1 Avg (Jan–Jun) 14.4796

H2 Avg (Jul–Dec) 14.3370

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 1.3705 BIF (High: 15.6353 / Low: 14.2648). On the other end, September was the most stable month, with a tight range of 0.3972 BIF (High: 14.7488 / Low: 14.3516).

January Spread (Volatile) ±1.3705

September Spread (Stable) ±0.3972

Growth Streaks & Declines

Trends

Between April and July, 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 October and November, when the average rate fell by 0.7141 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.7141

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2015: 14.8883) against the same month in 2014 (average: 18.2812), the exchange rate shifted by -3.3928 (-18.56%).

2015 Avg (January) 14.8883

2014 Avg (January) 18.2812

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	15.6353	14.2648	14.8883
February	14.8214	14.3234	14.6756
March	14.5706	13.8155	14.1210
April	14.6529	13.7975	14.0962
May	14.9639	14.1066	14.5206
June	14.9397	14.2192	14.5759
July	15.1203	14.2115	14.7462
August	14.9548	14.0916	14.4018
September	14.7488	14.3516	14.5498
October	14.9134	14.2212	14.5632
November	14.3030	13.5261	13.8491
December	14.0714	13.5827	13.9120