2014 SVC to RSD Historical Review

YEARLY HIGH

11.4155 RSD

YEARLY LOW

9.4889 RSD

YEARLY AVERAGE

10.1062 RSD

2014 SVC to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SVC to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 11.4155. Conversely, the yearly low was recorded on May 6, dropping to 9.4889.

This high-to-low spread represents a total annual volatility of 1.9266 RSD. From a start-to-finish perspective, comparing the January average rate of 9.6813 to the December average rate of 11.2739, the exchange rate registered a net change of 16.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 11.4155 was up 12.51% compared to the 2013 peak of 10.1458, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 57,078 RSD

2013 Average 48,674 RSD

Yearly Trough Low 47,444 RSD

Transaction Impact: A difference of 9,633.22 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

11.4453

9.3886

JanuMarcMayJulySeptNove

SVC 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 9.6413, compared to 10.5711 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9298 points.

H1 Avg (Jan–Jun) 9.6413

H2 Avg (Jul–Dec) 10.5711

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.4495 RSD (High: 10.6956 / Low: 10.2461). On the other end, June was the most stable month, with a tight range of 0.0656 RSD (High: 9.7458 / Low: 9.6802).

September Spread (Volatile) ±0.4495

June Spread (Stable) ±0.0656

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 0.1325 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.1325

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 11.2739) against the same month in 2013 (average: 9.5698), the exchange rate shifted by +1.7041 (+17.81%).

2014 Avg (December) 11.2739

2013 Avg (December) 9.5698

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.7877	9.5136	9.6813
February	9.8292	9.6103	9.7017
March	9.6500	9.5152	9.5692
April	9.6337	9.5093	9.5600
May	9.7144	9.4889	9.6250
June	9.7458	9.6802	9.7106
July	9.9731	9.6789	9.8117
August	10.2464	9.9499	10.0723
September	10.6956	10.2461	10.5095
October	10.8334	10.6902	10.7581
November	11.0846	10.8580	11.0010
December	11.4155	11.0643	11.2739