2014 RSD to HTG Historical Review

YEARLY HIGH

0.5449 HTG

YEARLY LOW

0.4598 HTG

YEARLY AVERAGE

0.5047 HTG

2014 RSD to HTG Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RSD to HTG exchange rate experienced significant fluctuation. The market reached its absolute peak on March 13, valuing the pair at 0.5449. Conversely, the yearly low was recorded on February 25, dropping to 0.4598.

This high-to-low spread represents a total annual volatility of 0.0851 HTG. From a start-to-finish perspective, comparing the January average rate of 0.5067 to the December average rate of 0.4713, the exchange rate registered a net change of -6.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.5449 was up 3.64% compared to the 2013 peak of 0.5258, 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 2,724 HTG

2013 Average 2,499 HTG

Yearly Trough Low 2,299 HTG

Transaction Impact: A difference of 425.56 HTG purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.5407

0.4650

JanuMarcMayJulySeptNove

RSD to HTG 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 0.5183, compared to 0.4910 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0273 points.

H1 Avg (Jan–Jun) 0.5183

H2 Avg (Jul–Dec) 0.4910

Volatility Range Comparison

Volatility

The most volatile month in 2014 was February, with a trading range of 0.0624 HTG (High: 0.5222 / Low: 0.4598). On the other end, June was the most stable month, with a tight range of 0.0069 HTG (High: 0.5343 / Low: 0.5274).

February Spread (Volatile) ±0.0624

June Spread (Stable) ±0.0069

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0312 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0312

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 0.5286) against the same month in 2013 (average: 0.4934), the exchange rate shifted by +0.0352 (+7.12%).

2014 Avg (March) 0.5286

2013 Avg (March) 0.4934

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5251	0.4836	0.5067
February	0.5222	0.4598	0.4755
March	0.5449	0.5192	0.5286
April	0.5379	0.5290	0.5338
May	0.5417	0.5296	0.5344
June	0.5343	0.5274	0.5311
July	0.5297	0.5141	0.5228
August	0.5191	0.4992	0.5095
September	0.4979	0.4774	0.4868
October	0.4809	0.4713	0.4765
November	0.4845	0.4674	0.4792
December	0.4805	0.4649	0.4713