2014 TJS to RSD Historical Review

YEARLY HIGH

19.3164 RSD

YEARLY LOW

16.8890 RSD

YEARLY AVERAGE

17.9272 RSD

2014 TJS to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TJS to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 8, valuing the pair at 19.3164. Conversely, the yearly low was recorded on May 4, dropping to 16.8890.

This high-to-low spread represents a total annual volatility of 2.4273 RSD. From a start-to-finish perspective, comparing the January average rate of 17.7427 to the December average rate of 19.1728, the exchange rate registered a net change of 8.06% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 19.3164 was up 3.53% compared to the 2013 peak of 18.6583, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 96,582 RSD

2013 Average 89,364 RSD

Yearly Trough Low 84,445 RSD

Transaction Impact: A difference of 12,136.61 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

19.3737

16.9637

JanuMarcMayJulySeptNove

TJS 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 17.4291, compared to 18.4252 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9961 points.

H1 Avg (Jan–Jun) 17.4291

H2 Avg (Jul–Dec) 18.4252

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.7200 RSD (High: 18.7732 / Low: 18.0532). On the other end, June was the most stable month, with a tight range of 0.2518 RSD (High: 17.3881 / Low: 17.1362).

September Spread (Volatile) ±0.7200

June Spread (Stable) ±0.2518

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.2492 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.2492

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 19.1728) against the same month in 2013 (average: 17.5427), the exchange rate shifted by +1.6302 (+9.29%).

2014 Avg (December) 19.1728

2013 Avg (December) 17.5427

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.9011	17.4449	17.7427
February	17.8948	17.4997	17.6714
March	17.5635	17.2977	17.4222
April	17.3770	17.0713	17.3059
May	17.3407	16.8890	17.1646
June	17.3881	17.1362	17.2679
July	17.5902	17.1344	17.3579
August	18.0309	17.5407	17.7134
September	18.7732	18.0532	18.4661
October	19.0168	18.6820	18.8419
November	19.1477	18.8453	18.9993
December	19.3164	19.0045	19.1728