2014 VEF to RSD Historical Review

YEARLY HIGH

15.8413 RSD

YEARLY LOW

13.1916 RSD

YEARLY AVERAGE

14.0463 RSD

2014 VEF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the VEF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 15.8413. Conversely, the yearly low was recorded on May 6, dropping to 13.1916.

This high-to-low spread represents a total annual volatility of 2.6497 RSD. From a start-to-finish perspective, comparing the January average rate of 13.4655 to the December average rate of 15.6353, the exchange rate registered a net change of 16.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 15.8413 was down 21.37% compared to the 2013 peak of 20.1476, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 79,207 RSD

2013 Average 74,757 RSD

Yearly Trough Low 65,958 RSD

Transaction Impact: A difference of 13,248.53 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

15.8693

13.0622

JanuMarcMayJulySeptNove

VEF 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 13.4043, compared to 14.6884 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.2841 points.

H1 Avg (Jan–Jun) 13.4043

H2 Avg (Jul–Dec) 14.6884

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.6048 RSD (High: 14.8706 / Low: 14.2657). On the other end, June was the most stable month, with a tight range of 0.1002 RSD (High: 13.5492 / Low: 13.4491).

September Spread (Volatile) ±0.6048

June Spread (Stable) ±0.1002

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1839 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.1839

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 15.6353) against the same month in 2013 (average: 13.3080), the exchange rate shifted by +2.3274 (+17.49%).

2014 Avg (December) 15.6353

2013 Avg (December) 13.3080

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.6375	13.2402	13.4655
February	13.6549	13.3667	13.4857
March	13.4206	13.2156	13.3017
April	13.3933	13.2237	13.2961
May	13.5137	13.1916	13.3820
June	13.5492	13.4491	13.4946
July	13.8668	13.4550	13.6425
August	14.2673	13.8344	14.0106
September	14.8706	14.2657	14.6122
October	15.0746	14.8359	14.9494
November	15.3984	15.0721	15.2804
December	15.8413	15.3733	15.6353