2020 TND to RSD Historical Review

YEARLY HIGH

38.2237 RSD

YEARLY LOW

35.3815 RSD

YEARLY AVERAGE

36.7609 RSD

2020 TND to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TND to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 20, valuing the pair at 38.2237. Conversely, the yearly low was recorded on August 17, dropping to 35.3815.

This high-to-low spread represents a total annual volatility of 2.8423 RSD. From a start-to-finish perspective, comparing the January average rate of 37.6459 to the December average rate of 35.7627, the exchange rate registered a net change of -5.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 38.2237 was up 1.21% compared to the 2019 peak of 37.7676, 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 191,119 RSD

2019 Average 180,085 RSD

Yearly Trough Low 176,907 RSD

Transaction Impact: A difference of 14,211.44 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

38.1001

35.5503

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 37.3208, compared to 36.2009 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.1200 points.

H1 Avg (Jan–Jun) 37.3208

H2 Avg (Jul–Dec) 36.2009

Volatility Range Comparison

Volatility

The most volatile month in 2020 was August, with a trading range of 1.2467 RSD (High: 36.6281 / Low: 35.3815). On the other end, December was the most stable month, with a tight range of 0.2735 RSD (High: 35.9177 / Low: 35.6442).

August Spread (Volatile) ±1.2467

December Spread (Stable) ±0.2735

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2020. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.6944 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.6944

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2020: 37.8876) against the same month in 2019 (average: 34.5756), the exchange rate shifted by +3.3121 (+9.58%).

2020 Avg (February) 37.8876

2019 Avg (February) 34.5756

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	37.7802	37.4046	37.6459
February	38.2237	37.4465	37.8876
March	37.6049	36.6687	37.1932
April	37.5858	36.9038	37.3322
May	37.5125	36.8492	37.2018
June	36.9079	36.3593	36.6643
July	36.6924	36.0451	36.4543
August	36.6281	35.3815	36.3422
September	36.5213	36.1018	36.2520
October	36.4562	36.0575	36.2609
November	36.4753	35.8660	36.1333
December	35.9177	35.6442	35.7627