2014 SBD to RSD Historical Review

YEARLY HIGH

13.2310 RSD

YEARLY LOW

11.3780 RSD

YEARLY AVERAGE

12.0895 RSD

2014 SBD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SBD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 13.2310. Conversely, the yearly low was recorded on May 6, dropping to 11.3780.

This high-to-low spread represents a total annual volatility of 1.8530 RSD. From a start-to-finish perspective, comparing the January average rate of 11.7462 to the December average rate of 13.0485, the exchange rate registered a net change of 11.09% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 13.2310 was up 6.64% compared to the 2013 peak of 12.4066, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 66,155 RSD

2013 Average 59,511 RSD

Yearly Trough Low 56,890 RSD

Transaction Impact: A difference of 9,265.03 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

13.2032

11.3463

JanuMarcMayJulySeptNove

SBD 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 11.6137, compared to 12.5654 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9517 points.

H1 Avg (Jan–Jun) 11.6137

H2 Avg (Jul–Dec) 12.5654

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.4432 RSD (High: 12.7888 / Low: 12.3455). On the other end, April was the most stable month, with a tight range of 0.1560 RSD (High: 11.6008 / Low: 11.4448).

September Spread (Volatile) ±0.4432

April Spread (Stable) ±0.1560

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1629 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.1629

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 13.0485) against the same month in 2013 (average: 11.6446), the exchange rate shifted by +1.4039 (+12.06%).

2014 Avg (December) 13.0485

2013 Avg (December) 11.6446

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.8509	11.5753	11.7462
February	11.8251	11.5674	11.6791
March	11.6264	11.4332	11.5162
April	11.6008	11.4448	11.5011
May	11.6536	11.3780	11.5262
June	11.8056	11.6182	11.7133
July	12.0459	11.6891	11.8652
August	12.4328	12.0087	12.1881
September	12.7888	12.3455	12.6140
October	12.8724	12.6085	12.7477
November	13.0238	12.8444	12.9289
December	13.2310	12.8908	13.0485