2014 RSD to VEF Historical Review

YEARLY HIGH

0.0758 VEF

YEARLY LOW

0.0631 VEF

YEARLY AVERAGE

0.0714 VEF

2014 RSD to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RSD to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 0.0758. Conversely, the yearly low was recorded on December 31, dropping to 0.0631.

This high-to-low spread represents a total annual volatility of 0.0127 VEF. From a start-to-finish perspective, comparing the January average rate of 0.0743 to the December average rate of 0.0640, the exchange rate registered a net change of -13.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0758 was down 0.66% compared to the 2013 peak of 0.0763, 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 379 VEF

2013 Average 343 VEF

Yearly Trough Low 316 VEF

Transaction Impact: A difference of 63.40 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0763

0.0628

JanuMarcMayJulySeptNove

RSD to VEF 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 0.0746, compared to 0.0682 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0064 points.

H1 Avg (Jan–Jun) 0.0746

H2 Avg (Jul–Dec) 0.0682

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.0029 VEF (High: 0.0701 / Low: 0.0672). On the other end, June was the most stable month, with a tight range of 0.0005 VEF (High: 0.0744 / Low: 0.0738).

September Spread (Volatile) ±0.0029

June Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between February and April, 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 0.0029 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0029

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 0.0747) against the same month in 2013 (average: 0.0736), the exchange rate shifted by +0.0011 (+1.50%).

2014 Avg (May) 0.0747

2013 Avg (May) 0.0736

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0755	0.0733	0.0743
February	0.0748	0.0732	0.0742
March	0.0757	0.0745	0.0752
April	0.0756	0.0747	0.0752
May	0.0758	0.0740	0.0747
June	0.0744	0.0738	0.0741
July	0.0743	0.0721	0.0733
August	0.0723	0.0701	0.0714
September	0.0701	0.0672	0.0684
October	0.0674	0.0663	0.0669
November	0.0663	0.0649	0.0654
December	0.0650	0.0631	0.0640