2016 RSD to BIF Historical Review

YEARLY HIGH

15.3426 BIF

YEARLY LOW

13.6381 BIF

YEARLY AVERAGE

14.5383 BIF

2016 RSD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the RSD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 22, valuing the pair at 15.3426. Conversely, the yearly low was recorded on January 24, dropping to 13.6381.

This high-to-low spread represents a total annual volatility of 1.7045 BIF. From a start-to-finish perspective, comparing the January average rate of 13.8412 to the December average rate of 14.3178, the exchange rate registered a net change of 3.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 15.3426 was down 1.87% compared to the 2015 peak of 15.6353, 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 76,713 BIF

2015 Average 72,038 BIF

Yearly Trough Low 68,191 BIF

Transaction Impact: A difference of 8,522.29 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

15.2768

13.7107

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 14.2288, compared to 14.8478 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6190 points.

H1 Avg (Jan–Jun) 14.2288

H2 Avg (Jul–Dec) 14.8478

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 1.2529 BIF (High: 15.3426 / Low: 14.0897). On the other end, September was the most stable month, with a tight range of 0.2004 BIF (High: 15.2154 / Low: 15.0150).

June Spread (Volatile) ±1.2529

September Spread (Stable) ±0.2004

Growth Streaks & Declines

Trends

Between May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.3506 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.3506

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2016: 14.6226) against the same month in 2015 (average: 14.5759), the exchange rate shifted by +0.0467 (+0.32%).

2016 Avg (June) 14.6226

2015 Avg (June) 14.5759

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.9971	13.6381	13.8412
February	14.3497	13.8156	14.1064
March	14.4737	13.8186	14.1169
April	14.5625	14.1505	14.3474
May	14.6469	14.0376	14.3381
June	15.3426	14.0897	14.6226
July	15.0294	14.7486	14.8840
August	15.3324	14.9517	15.1218
September	15.2154	15.0150	15.1463
October	15.2182	14.7457	14.9486
November	15.1422	14.3309	14.6683
December	14.6377	14.0360	14.3178