2020 RSD to GNF Historical Review

YEARLY HIGH

104.7290 GNF

YEARLY LOW

85.7045 GNF

YEARLY AVERAGE

93.4376 GNF

2020 RSD to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the RSD to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 104.7290. Conversely, the yearly low was recorded on March 21, dropping to 85.7045.

This high-to-low spread represents a total annual volatility of 19.0245 GNF. From a start-to-finish perspective, comparing the January average rate of 89.5778 to the December average rate of 102.9401, the exchange rate registered a net change of 14.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 104.7290 was up 14.79% compared to the 2019 peak of 91.2385, 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 523,645 GNF

2019 Average 438,518 GNF

Yearly Trough Low 428,523 GNF

Transaction Impact: A difference of 95,122.46 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

104.4589

86.2338

JanuMarcMayJulySeptNove

RSD to GNF 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 88.9592, compared to 97.9161 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 8.9569 points.

H1 Avg (Jan–Jun) 88.9592

H2 Avg (Jul–Dec) 97.9161

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 6.3267 GNF (High: 92.0312 / Low: 85.7045). On the other end, September was the most stable month, with a tight range of 1.6937 GNF (High: 97.9512 / Low: 96.2575).

March Spread (Volatile) ±6.3267

September Spread (Stable) ±1.6937

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.6480 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -1.6480

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 102.9401) against the same month in 2019 (average: 89.6178), the exchange rate shifted by +13.3223 (+14.87%).

2020 Avg (December) 102.9401

2019 Avg (December) 89.6178

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	91.5892	88.1677	89.5778
February	89.6468	86.9475	87.9298
March	92.0312	85.7045	89.1432
April	88.6564	86.5508	87.7526
May	89.9566	86.4813	87.9051
June	92.5349	90.1208	91.4467
July	97.2447	91.9958	93.7967
August	97.9788	96.1539	96.9897
September	97.9512	96.2575	97.2391
October	98.8517	96.8205	97.8696
November	99.9800	96.9175	98.6611
December	104.7290	101.0781	102.9401