2014 TND to RSD Historical Review

YEARLY HIGH

53.7852 RSD

YEARLY LOW

49.5733 RSD

YEARLY AVERAGE

52.0795 RSD

2014 TND to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TND to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 53.7852. Conversely, the yearly low was recorded on July 19, dropping to 49.5733.

This high-to-low spread represents a total annual volatility of 4.2119 RSD. From a start-to-finish perspective, comparing the January average rate of 51.5562 to the December average rate of 53.1675, the exchange rate registered a net change of 3.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 53.7852 was down 2.21% compared to the 2013 peak of 55.0029, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 268,926 RSD

2013 Average 262,080 RSD

Yearly Trough Low 247,867 RSD

Transaction Impact: A difference of 21,059.57 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

53.6658

49.8728

JanuMarcMayJulySeptNove

TND 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 52.3000, compared to 51.8589 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4411 points.

H1 Avg (Jan–Jun) 52.3000

H2 Avg (Jul–Dec) 51.8589

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 2.8165 RSD (High: 53.4562 / Low: 50.6397). On the other end, May was the most stable month, with a tight range of 0.2011 RSD (High: 52.0634 / Low: 51.8623).

January Spread (Volatile) ±2.8165

May Spread (Stable) ±0.2011

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.9871 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.9871

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 53.1675) against the same month in 2013 (average: 50.4435), the exchange rate shifted by +2.7240 (+5.40%).

2014 Avg (December) 53.1675

2013 Avg (December) 50.4435

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	53.4562	50.6397	51.5562
February	53.5341	53.1605	53.3497
March	53.4074	52.4837	53.0713
April	53.0741	52.0497	52.6575
May	52.0634	51.8623	51.9894
June	52.0253	50.3432	51.1760
July	50.7826	49.5733	50.1889
August	51.5209	50.8385	51.1446
September	52.2162	51.4467	51.9620
October	52.4054	52.0155	52.2249
November	52.7109	52.0789	52.4657
December	53.7852	52.6250	53.1675