2013 TOP to RSD Historical Review

YEARLY HIGH

49.9435 RSD

YEARLY LOW

44.7489 RSD

YEARLY AVERAGE

47.5537 RSD

2013 TOP to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the TOP to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 28, valuing the pair at 49.9435. Conversely, the yearly low was recorded on December 30, dropping to 44.7489.

This high-to-low spread represents a total annual volatility of 5.1946 RSD. From a start-to-finish perspective, comparing the January average rate of 48.5406 to the December average rate of 45.0795, the exchange rate registered a net change of -7.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 49.9435 was down 10.36% compared to the 2012 peak of 55.7182, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 249,717 RSD

2012 Average 252,741 RSD

Yearly Trough Low 223,744 RSD

Transaction Impact: A difference of 25,972.88 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

49.7296

44.6567

JanuMarcMayJulySeptNove

TOP 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 48.7411, compared to 46.3663 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.3749 points.

H1 Avg (Jan–Jun) 48.7411

H2 Avg (Jul–Dec) 46.3663

Volatility Range Comparison

Volatility

The most volatile month in 2013 was June, with a trading range of 2.7206 RSD (High: 49.8215 / Low: 47.1009). On the other end, December was the most stable month, with a tight range of 0.7905 RSD (High: 45.5394 / Low: 44.7489).

June Spread (Volatile) ±2.7206

December Spread (Stable) ±0.7905

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2013. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 1.5213 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -1.5213

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2013: 49.3069) against the same month in 2012 (average: 49.6736), the exchange rate shifted by -0.3668 (-0.74%).

2013 Avg (March) 49.3069

2012 Avg (March) 49.6736

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	49.4264	47.5792	48.5406
February	49.2191	47.0741	48.1914
March	49.9435	48.6665	49.3069
April	49.7678	48.4116	49.1442
May	49.6305	48.2635	48.8679
June	49.8215	47.1009	48.3958
July	47.8993	46.7084	47.1695
August	46.9302	45.8816	46.2441
September	47.2023	45.5771	46.7110
October	47.1446	45.7415	46.3927
November	47.7068	45.1626	46.6008
December	45.5394	44.7489	45.0795