2020 TOP to RSD Historical Review

YEARLY HIGH

47.1345 RSD

YEARLY LOW

41.9531 RSD

YEARLY AVERAGE

44.8188 RSD

2020 TOP to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the TOP to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 11, valuing the pair at 47.1345. Conversely, the yearly low was recorded on December 30, dropping to 41.9531.

This high-to-low spread represents a total annual volatility of 5.1814 RSD. From a start-to-finish perspective, comparing the January average rate of 46.1028 to the December average rate of 42.2989, the exchange rate registered a net change of -8.25% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2020 high of 47.1345 was down 1.14% compared to the 2019 peak of 47.6800, 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 235,672 RSD

2019 Average 229,740 RSD

Yearly Trough Low 209,765 RSD

Transaction Impact: A difference of 25,907.15 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

47.1311

41.8597

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 46.1498, compared to 43.4878 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.6620 points.

H1 Avg (Jan–Jun) 46.1498

H2 Avg (Jul–Dec) 43.4878

Volatility Range Comparison

Volatility

The most volatile month in 2020 was July, with a trading range of 2.1584 RSD (High: 45.7626 / Low: 43.6042). On the other end, January was the most stable month, with a tight range of 0.4636 RSD (High: 46.3247 / Low: 45.8611).

July Spread (Volatile) ±2.1584

January Spread (Stable) ±0.4636

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 1.4306 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.4306

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2020: 46.6918) against the same month in 2019 (average: 46.0137), the exchange rate shifted by +0.6780 (+1.47%).

2020 Avg (May) 46.6918

2019 Avg (May) 46.0137

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	46.3247	45.8611	46.1028
February	47.0686	45.8370	46.4992
March	46.1821	44.4378	45.2766
April	46.8591	45.6691	46.3204
May	47.1345	46.2245	46.6918
June	46.3626	45.6118	46.0078
July	45.7626	43.6042	45.0304
August	43.9564	43.1016	43.5999
September	44.0124	43.2484	43.6725
October	43.5855	42.7246	43.1893
November	43.4175	42.9162	43.1356
December	42.5581	41.9531	42.2989