2020 RSD to TOP Historical Review

YEARLY HIGH

0.0238 TOP

YEARLY LOW

0.0212 TOP

YEARLY AVERAGE

0.0223 TOP

2020 RSD to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the RSD to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.0238. Conversely, the yearly low was recorded on May 11, dropping to 0.0212.

This high-to-low spread represents a total annual volatility of 0.0026 TOP. From a start-to-finish perspective, comparing the January average rate of 0.0217 to the December average rate of 0.0236, the exchange rate registered a net change of 8.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.0238 was up 7.51% compared to the 2019 peak of 0.0222, 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 119 TOP

2019 Average 109 TOP

Yearly Trough Low 106 TOP

Transaction Impact: A difference of 13.10 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.0239

0.0212

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 0.0217, compared to 0.0230 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0217

H2 Avg (Jul–Dec) 0.0230

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 0.0011 TOP (High: 0.0229 / Low: 0.0219). On the other end, January was the most stable month, with a tight range of 0.0002 TOP (High: 0.0218 / Low: 0.0216).

July Spread (Volatile) ±0.0011

January Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between May and August, 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 March and April, when the average rate fell by 0.0005 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.0236) against the same month in 2019 (average: 0.0217), the exchange rate shifted by +0.0019 (+8.73%).

2020 Avg (December) 0.0236

2019 Avg (December) 0.0217

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0218	0.0216	0.0217
February	0.0218	0.0212	0.0215
March	0.0225	0.0217	0.0221
April	0.0219	0.0213	0.0216
May	0.0216	0.0212	0.0214
June	0.0219	0.0216	0.0217
July	0.0229	0.0219	0.0222
August	0.0232	0.0227	0.0229
September	0.0231	0.0227	0.0229
October	0.0234	0.0229	0.0232
November	0.0233	0.0230	0.0232
December	0.0238	0.0235	0.0236