2016 SAR to RSD Historical Review

YEARLY HIGH

31.7175 RSD

YEARLY LOW

28.4326 RSD

YEARLY AVERAGE

29.6526 RSD

2016 SAR to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the SAR to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 31.7175. Conversely, the yearly low was recorded on May 3, dropping to 28.4326.

This high-to-low spread represents a total annual volatility of 3.2849 RSD. From a start-to-finish perspective, comparing the January average rate of 30.0685 to the December average rate of 31.1987, the exchange rate registered a net change of 3.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 31.7175 was up 3.86% compared to the 2015 peak of 30.5391, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SAR based on timing:

Yearly Peak High 158,588 RSD

2015 Average 144,995 RSD

Yearly Trough Low 142,163 RSD

Transaction Impact: A difference of 16,424.40 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

31.4307

28.6475

JanuMarcMayJulySeptNove

SAR to RSD 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 29.3667, compared to 29.9385 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5718 points.

H1 Avg (Jan–Jun) 29.3667

H2 Avg (Jul–Dec) 29.9385

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 1.6867 RSD (High: 31.1254 / Low: 29.4387). On the other end, September was the most stable month, with a tight range of 0.2513 RSD (High: 29.4371 / Low: 29.1858).

November Spread (Volatile) ±1.6867

September Spread (Stable) ±0.2513

Growth Streaks & Declines

Trends

Between April and July, 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 0.6115 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.6115

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 31.1987) against the same month in 2015 (average: 29.7912), the exchange rate shifted by +1.4075 (+4.72%).

2016 Avg (December) 31.1987

2015 Avg (December) 29.7912

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	30.3425	29.7672	30.0685
February	30.1347	28.9566	29.4926
March	30.2994	28.8114	29.4909
April	29.1840	28.5448	28.8794
May	29.5918	28.4326	28.9985
June	29.9214	28.8993	29.2702
July	29.9428	29.4424	29.6953
August	29.6262	29.0131	29.3099
September	29.4371	29.1858	29.2954
October	30.1786	29.1837	29.7316
November	31.1254	29.4387	30.4001
December	31.7175	30.5748	31.1987