2019 TOP to RSD Historical Review

YEARLY HIGH

47.6800 RSD

YEARLY LOW

45.1041 RSD

YEARLY AVERAGE

45.9495 RSD

2019 TOP to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the TOP to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 1, valuing the pair at 47.6800. Conversely, the yearly low was recorded on January 2, dropping to 45.1041.

This high-to-low spread represents a total annual volatility of 2.5759 RSD. From a start-to-finish perspective, comparing the January average rate of 45.7156 to the December average rate of 45.9932, the exchange rate registered a net change of 0.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 47.6800 was up 2.47% compared to the 2018 peak of 46.5288, 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 238,400 RSD

2018 Average 220,417 RSD

Yearly Trough Low 225,520 RSD

Transaction Impact: A difference of 12,879.32 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

46.3507

45.5451

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 45.9861, compared to 45.9129 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0731 points.

H1 Avg (Jan–Jun) 45.9861

H2 Avg (Jul–Dec) 45.9129

Volatility Range Comparison

Volatility

The most volatile month in 2019 was April, with a trading range of 1.9239 RSD (High: 47.6800 / Low: 45.7561). On the other end, February was the most stable month, with a tight range of 0.5007 RSD (High: 46.4051 / Low: 45.9044).

April Spread (Volatile) ±1.9239

February Spread (Stable) ±0.5007

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.4015 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.4015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2019: 46.2835) against the same month in 2018 (average: 43.3033), the exchange rate shifted by +2.9803 (+6.88%).

2019 Avg (April) 46.2835

2018 Avg (April) 43.3033

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	46.2487	45.1041	45.7156
February	46.4051	45.9044	46.1311
March	46.4719	45.6581	46.1602
April	47.6800	45.7561	46.2835
May	46.2755	45.7283	46.0137
June	45.9462	45.1934	45.6122
July	46.5473	45.7225	46.0853
August	46.2530	45.3004	45.7605
September	46.7545	45.6746	46.0409
October	46.1349	45.2107	45.7138
November	46.3837	45.3764	45.8839
December	46.1868	45.6403	45.9932