2016 TOP to RSD Historical Review

YEARLY HIGH

52.5653 RSD

YEARLY LOW

46.8907 RSD

YEARLY AVERAGE

49.3926 RSD

2016 TOP to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TOP to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 52.5653. Conversely, the yearly low was recorded on February 7, dropping to 46.8907.

This high-to-low spread represents a total annual volatility of 5.6746 RSD. From a start-to-finish perspective, comparing the January average rate of 50.0205 to the December average rate of 51.3813, the exchange rate registered a net change of 2.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 52.5653 was down 6.91% compared to the 2015 peak of 56.4648, 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 262,827 RSD

2015 Average 257,045 RSD

Yearly Trough Low 234,454 RSD

Transaction Impact: A difference of 28,373.07 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

51.6893

47.9933

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 48.9189, compared to 49.8664 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9475 points.

H1 Avg (Jan–Jun) 48.9189

H2 Avg (Jul–Dec) 49.8664

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 2.8292 RSD (High: 50.4106 / Low: 47.5814). On the other end, September was the most stable month, with a tight range of 0.7541 RSD (High: 49.2438 / Low: 48.4897).

June Spread (Volatile) ±2.8292

September Spread (Stable) ±0.7541

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.4279 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.4279

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 51.3813) against the same month in 2015 (average: 49.8380), the exchange rate shifted by +1.5433 (+3.10%).

2016 Avg (December) 51.3813

2015 Avg (December) 49.8380

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	50.7111	49.2257	50.0205
February	49.7050	46.8907	48.5925
March	50.1067	48.3577	49.0876
April	49.5252	47.9753	48.5944
May	48.8305	47.7226	48.3013
June	50.4106	47.5814	48.9169
July	49.5539	48.3102	49.1736
August	49.3010	48.1568	48.6664
September	49.2438	48.4897	48.8573
October	51.1687	48.6619	50.1882
November	51.8153	49.0538	50.9317
December	52.5653	50.7143	51.3813