2017 TOP to RSD Historical Review

YEARLY HIGH

52.3268 RSD

YEARLY LOW

43.4602 RSD

YEARLY AVERAGE

47.5258 RSD

2017 TOP to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the TOP to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on March 2, valuing the pair at 52.3268. Conversely, the yearly low was recorded on December 29, dropping to 43.4602.

This high-to-low spread represents a total annual volatility of 8.8665 RSD. From a start-to-finish perspective, comparing the January average rate of 50.5806 to the December average rate of 43.8983, the exchange rate registered a net change of -13.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 52.3268 was down 0.45% compared to the 2016 peak of 52.5653, 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 261,634 RSD

2016 Average 246,989 RSD

Yearly Trough Low 217,301 RSD

Transaction Impact: A difference of 44,332.57 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

52.3051

43.1341

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 49.7916, compared to 45.2600 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.5316 points.

H1 Avg (Jan–Jun) 49.7916

H2 Avg (Jul–Dec) 45.2600

Volatility Range Comparison

Volatility

The most volatile month in 2017 was March, with a trading range of 2.5395 RSD (High: 52.3268 / Low: 49.7873). On the other end, December was the most stable month, with a tight range of 0.7608 RSD (High: 44.2211 / Low: 43.4602).

March Spread (Volatile) ±2.5395

December Spread (Stable) ±0.7608

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2017. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 2.2496 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -2.2496

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2017: 50.6678) against the same month in 2016 (average: 49.0876), the exchange rate shifted by +1.5802 (+3.22%).

2017 Avg (March) 50.6678

2016 Avg (March) 49.0876

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	51.0648	50.1529	50.5806
February	52.1937	50.1581	51.5409
March	52.3268	49.7873	50.6678
April	51.0246	48.7527	50.2474
May	49.0390	47.0273	47.9977
June	48.3191	46.7750	47.7153
July	47.4613	46.0948	46.6559
August	46.6806	44.5094	45.8795
September	45.8660	44.7690	45.2338
October	45.7187	44.8605	45.3389
November	45.4550	43.6531	44.5538
December	44.2211	43.4602	43.8983