2014 RSD to DJF Historical Review

YEARLY HIGH

2.1558 DJF

YEARLY LOW

1.7842 DJF

YEARLY AVERAGE

2.0249 DJF

2014 RSD to DJF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RSD to DJF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 2.1558. Conversely, the yearly low was recorded on December 31, dropping to 1.7842.

This high-to-low spread represents a total annual volatility of 0.3716 DJF. From a start-to-finish perspective, comparing the January average rate of 2.1012 to the December average rate of 1.8069, the exchange rate registered a net change of -14.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.1558 was down 1.45% compared to the 2013 peak of 2.1875, 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 10,779 DJF

2013 Average 10,427 DJF

Yearly Trough Low 8,921 DJF

Transaction Impact: A difference of 1,858.14 DJF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.1674

1.7741

JanuMarcMayJulySeptNove

RSD to DJF 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 2.1148, compared to 1.9350 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1798 points.

H1 Avg (Jan–Jun) 2.1148

H2 Avg (Jul–Dec) 1.9350

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0945 DJF (High: 1.9922 / Low: 1.8977). On the other end, June was the most stable month, with a tight range of 0.0234 DJF (High: 2.1136 / Low: 2.0902).

September Spread (Volatile) ±0.0945

June Spread (Stable) ±0.0234

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 0.0881 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0881

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 2.1233) against the same month in 2013 (average: 2.0766), the exchange rate shifted by +0.0467 (+2.25%).

2014 Avg (May) 2.1233

2013 Avg (May) 2.0766

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1378	2.0755	2.1012
February	2.1132	2.0716	2.0986
March	2.1475	2.1087	2.1271
April	2.1526	2.1039	2.1346
May	2.1558	2.1003	2.1233
June	2.1136	2.0902	2.1040
July	2.1142	2.0479	2.0819
August	2.0556	1.9883	2.0283
September	1.9922	1.8977	1.9402
October	1.9125	1.8773	1.8966
November	1.8868	1.8399	1.8562
December	1.8409	1.7842	1.8069