2016 RSD to TOP Historical Review

YEARLY HIGH

0.0213 TOP

YEARLY LOW

0.0190 TOP

YEARLY AVERAGE

0.0203 TOP

2016 RSD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the RSD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 7, valuing the pair at 0.0213. Conversely, the yearly low was recorded on December 19, dropping to 0.0190.

This high-to-low spread represents a total annual volatility of 0.0023 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0200 to the December average rate of 0.0195, the exchange rate registered a net change of -2.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.0213 was down 0.16% compared to the 2015 peak of 0.0214, 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 107 TOP

2015 Average 97 TOP

Yearly Trough Low 95 TOP

Transaction Impact: A difference of 11.51 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.0208

0.0193

JanuMarcMayJulySeptNove

RSD to TOP 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 0.0204, compared to 0.0201 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0204

H2 Avg (Jul–Dec) 0.0201

Volatility Range Comparison

Volatility

The most volatile month in 2016 was February, with a trading range of 0.0012 TOP (High: 0.0213 / Low: 0.0201). On the other end, September was the most stable month, with a tight range of 0.0003 TOP (High: 0.0206 / Low: 0.0203).

February Spread (Volatile) ±0.0012

September Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between March and May, 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 September and October, when the average rate fell by 0.0005 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 0.0206) against the same month in 2015 (average: 0.0188), the exchange rate shifted by +0.0018 (+9.54%).

2016 Avg (February) 0.0206

2015 Avg (February) 0.0188

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0203	0.0197	0.0200
February	0.0213	0.0201	0.0206
March	0.0207	0.0200	0.0204
April	0.0208	0.0202	0.0206
May	0.0210	0.0205	0.0207
June	0.0210	0.0198	0.0204
July	0.0207	0.0202	0.0203
August	0.0208	0.0203	0.0205
September	0.0206	0.0203	0.0205
October	0.0205	0.0195	0.0199
November	0.0204	0.0193	0.0196
December	0.0197	0.0190	0.0195