2014 RSD to NGN Historical Review

YEARLY HIGH

1.9821 NGN

YEARLY LOW

1.7264 NGN

YEARLY AVERAGE

1.8706 NGN

2014 RSD to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RSD to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on March 30, valuing the pair at 1.9821. Conversely, the yearly low was recorded on October 4, dropping to 1.7264.

This high-to-low spread represents a total annual volatility of 0.2557 NGN. From a start-to-finish perspective, comparing the January average rate of 1.8897 to the December average rate of 1.8438, the exchange rate registered a net change of -2.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.9821 was up 2.26% compared to the 2013 peak of 1.9383, 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 9,911 NGN

2013 Average 9,353 NGN

Yearly Trough Low 8,632 NGN

Transaction Impact: A difference of 1,278.50 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.9903

1.7278

JanuMarcMayJulySeptNove

RSD to NGN 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 1.9280, compared to 1.8132 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1148 points.

H1 Avg (Jan–Jun) 1.9280

H2 Avg (Jul–Dec) 1.8132

Volatility Range Comparison

Volatility

The most volatile month in 2014 was November, with a trading range of 0.1149 NGN (High: 1.8433 / Low: 1.7285). On the other end, June was the most stable month, with a tight range of 0.0215 NGN (High: 1.9321 / Low: 1.9106).

November Spread (Volatile) ±0.1149

June Spread (Stable) ±0.0215

Growth Streaks & Declines

Trends

Between January and March, 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 0.0656 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0656

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 1.9685) against the same month in 2013 (average: 1.8378), the exchange rate shifted by +0.1306 (+7.11%).

2014 Avg (March) 1.9685

2013 Avg (March) 1.8378

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9242	1.8679	1.8897
February	1.9673	1.8950	1.9312
March	1.9821	1.9429	1.9685
April	1.9688	1.9211	1.9386
May	1.9398	1.9069	1.9205
June	1.9321	1.9106	1.9197
July	1.9229	1.8551	1.8902
August	1.8609	1.8091	1.8382
September	1.8110	1.7492	1.7726
October	1.7698	1.7264	1.7497
November	1.8433	1.7285	1.7850
December	1.8878	1.8251	1.8438