2020 RSD to BIF Historical Review

YEARLY HIGH

20.3178 BIF

YEARLY LOW

17.1523 BIF

YEARLY AVERAGE

18.5897 BIF

2020 RSD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the RSD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 20.3178. Conversely, the yearly low was recorded on March 19, dropping to 17.1523.

This high-to-low spread represents a total annual volatility of 3.1655 BIF. From a start-to-finish perspective, comparing the January average rate of 17.8001 to the December average rate of 20.1080, the exchange rate registered a net change of 12.97% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 20.3178 was up 13.17% compared to the 2019 peak of 17.9537, 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 101,589 BIF

2019 Average 87,500 BIF

Yearly Trough Low 85,762 BIF

Transaction Impact: A difference of 15,827.67 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

20.3663

17.2675

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 17.7612, compared to 19.4182 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6570 points.

H1 Avg (Jan–Jun) 17.7612

H2 Avg (Jul–Dec) 19.4182

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 1.1760 BIF (High: 19.4413 / Low: 18.2653). On the other end, October was the most stable month, with a tight range of 0.3023 BIF (High: 19.5179 / Low: 19.2155).

July Spread (Volatile) ±1.1760

October Spread (Stable) ±0.3023

Growth Streaks & Declines

Trends

Between April and August, 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 January and February, when the average rate fell by 0.2701 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2701

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 20.1080) against the same month in 2019 (average: 17.7486), the exchange rate shifted by +2.3595 (+13.29%).

2020 Avg (December) 20.1080

2019 Avg (December) 17.7486

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.9537	17.6497	17.8001
February	17.7968	17.3193	17.5300
March	18.3259	17.1523	17.7921
April	17.7226	17.3533	17.5258
May	18.0144	17.4646	17.6622
June	18.3973	17.9766	18.2570
July	19.4413	18.2653	18.7472
August	19.5786	19.2476	19.3956
September	19.5635	19.0933	19.3607
October	19.5179	19.2155	19.3611
November	19.7579	19.1628	19.5366
December	20.3178	19.9366	20.1080