2017 RSD to TOP Historical Review

YEARLY HIGH

0.0230 TOP

YEARLY LOW

0.0191 TOP

YEARLY AVERAGE

0.0211 TOP

2017 RSD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the RSD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 0.0230. Conversely, the yearly low was recorded on March 2, dropping to 0.0191.

This high-to-low spread represents a total annual volatility of 0.0039 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0198 to the December average rate of 0.0228, the exchange rate registered a net change of 15.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 0.0230 was up 7.89% compared to the 2016 peak of 0.0213, 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 115 TOP

2016 Average 101 TOP

Yearly Trough Low 96 TOP

Transaction Impact: A difference of 19.49 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

0.0231

0.0191

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 0.0201, compared to 0.0221 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0020 points.

H1 Avg (Jan–Jun) 0.0201

H2 Avg (Jul–Dec) 0.0221

Volatility Range Comparison

Volatility

The most volatile month in 2017 was August, with a trading range of 0.0010 TOP (High: 0.0225 / Low: 0.0214). On the other end, January was the most stable month, with a tight range of 0.0004 TOP (High: 0.0199 / Low: 0.0196).

August Spread (Volatile) ±0.0010

January Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0004 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2017: 0.0228) against the same month in 2016 (average: 0.0195), the exchange rate shifted by +0.0033 (+17.04%).

2017 Avg (December) 0.0228

2016 Avg (December) 0.0195

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0199	0.0196	0.0198
February	0.0199	0.0192	0.0194
March	0.0201	0.0191	0.0197
April	0.0205	0.0196	0.0199
May	0.0213	0.0204	0.0208
June	0.0214	0.0207	0.0210
July	0.0217	0.0211	0.0214
August	0.0225	0.0214	0.0218
September	0.0223	0.0218	0.0221
October	0.0223	0.0219	0.0221
November	0.0229	0.0220	0.0224
December	0.0230	0.0226	0.0228