2014 RSD to CVE Historical Review

YEARLY HIGH

0.9627 CVE

YEARLY LOW

0.8915 CVE

YEARLY AVERAGE

0.9368 CVE

2014 RSD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RSD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on March 30, valuing the pair at 0.9627. Conversely, the yearly low was recorded on December 17, dropping to 0.8915.

This high-to-low spread represents a total annual volatility of 0.0712 CVE. From a start-to-finish perspective, comparing the January average rate of 0.9528 to the December average rate of 0.9041, the exchange rate registered a net change of -5.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.9627 was down 3.76% compared to the 2013 peak of 1.0003, 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 4,813 CVE

2013 Average 4,870 CVE

Yearly Trough Low 4,458 CVE

Transaction Impact: A difference of 355.83 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.9577

0.8993

JanuMarcMayJulySeptNove

RSD to CVE 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 0.9497, compared to 0.9240 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0257 points.

H1 Avg (Jan–Jun) 0.9497

H2 Avg (Jul–Dec) 0.9240

Volatility Range Comparison

Volatility

The most volatile month in 2014 was March, with a trading range of 0.0213 CVE (High: 0.9627 / Low: 0.9414). On the other end, February was the most stable month, with a tight range of 0.0045 CVE (High: 0.9496 / Low: 0.9451).

March Spread (Volatile) ±0.0213

February Spread (Stable) ±0.0045

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 November and December, when the average rate fell by 0.0110 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0110

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 0.9481) against the same month in 2013 (average: 0.9876), the exchange rate shifted by -0.0395 (-4.00%).

2014 Avg (March) 0.9481

2013 Avg (March) 0.9876

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9619	0.9453	0.9528
February	0.9496	0.9451	0.9471
March	0.9627	0.9414	0.9481
April	0.9537	0.9477	0.9504
May	0.9513	0.9450	0.9490
June	0.9541	0.9479	0.9506
July	0.9475	0.9386	0.9436
August	0.9387	0.9296	0.9343
September	0.9357	0.9208	0.9261
October	0.9260	0.9169	0.9205
November	0.9238	0.9091	0.9151
December	0.9115	0.8915	0.9041