2014 RSD to CDF Historical Review

YEARLY HIGH

11.1010 CDF

YEARLY LOW

9.2142 CDF

YEARLY AVERAGE

10.4769 CDF

2014 RSD to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RSD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 12, valuing the pair at 11.1010. Conversely, the yearly low was recorded on December 31, dropping to 9.2142.

This high-to-low spread represents a total annual volatility of 1.8868 CDF. From a start-to-finish perspective, comparing the January average rate of 10.9091 to the December average rate of 9.3814, the exchange rate registered a net change of -14.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 11.1010 was down 1.89% compared to the 2013 peak of 11.3146, 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 55,505 CDF

2013 Average 54,184 CDF

Yearly Trough Low 46,071 CDF

Transaction Impact: A difference of 9,433.88 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

11.1921

9.2168

JanuMarcMayJulySeptNove

RSD to CDF 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 10.9409, compared to 10.0130 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9279 points.

H1 Avg (Jan–Jun) 10.9409

H2 Avg (Jul–Dec) 10.0130

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.4242 CDF (High: 10.2926 / Low: 9.8684). On the other end, June was the most stable month, with a tight range of 0.0983 CDF (High: 10.9075 / Low: 10.8093).

September Spread (Volatile) ±0.4242

June Spread (Stable) ±0.0983

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 August and September, when the average rate fell by 0.4354 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4354

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2014: 11.0275) against the same month in 2013 (average: 10.7568), the exchange rate shifted by +0.2706 (+2.52%).

2014 Avg (April) 11.0275

2013 Avg (April) 10.7568

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.0693	10.7841	10.9091
February	10.9449	10.7678	10.8706
March	11.0900	10.9260	11.0230
April	11.1010	10.9509	11.0275
May	11.0845	10.8477	10.9512
June	10.9075	10.8093	10.8638
July	10.9135	10.5811	10.7493
August	10.6145	10.2958	10.4706
September	10.2926	9.8684	10.0352
October	9.8863	9.7384	9.8203
November	9.7561	9.5460	9.6214
December	9.5608	9.2142	9.3814