2015 VEF to RSD Historical Review

YEARLY HIGH

18.1409 RSD

YEARLY LOW

15.8689 RSD

YEARLY AVERAGE

17.2163 RSD

2015 VEF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the VEF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on November 30, valuing the pair at 18.1409. Conversely, the yearly low was recorded on January 3, dropping to 15.8689.

This high-to-low spread represents a total annual volatility of 2.2720 RSD. From a start-to-finish perspective, comparing the January average rate of 16.6786 to the December average rate of 17.6872, the exchange rate registered a net change of 6.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 18.1409 was up 14.52% compared to the 2014 peak of 15.8413, 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 90,705 RSD

2014 Average 70,248 RSD

Yearly Trough Low 79,344 RSD

Transaction Impact: A difference of 11,360.22 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

17.9077

16.5669

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 17.1475, compared to 17.2851 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1376 points.

H1 Avg (Jan–Jun) 17.1475

H2 Avg (Jul–Dec) 17.2851

Volatility Range Comparison

Volatility

The most volatile month in 2015 was January, with a trading range of 1.5093 RSD (High: 17.3781 / Low: 15.8689). On the other end, September was the most stable month, with a tight range of 0.3912 RSD (High: 17.0856 / Low: 16.6944).

January Spread (Volatile) ±1.5093

September Spread (Stable) ±0.3912

Growth Streaks & Declines

Trends

Between January and March, 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 April and May, when the average rate fell by 0.4815 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4815

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2015: 17.7959) against the same month in 2014 (average: 15.2804), the exchange rate shifted by +2.5155 (+16.46%).

2015 Avg (November) 17.7959

2014 Avg (November) 15.2804

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	17.3781	15.8689	16.6786
February	17.2912	16.7291	16.9269
March	18.0434	17.0172	17.6023
April	17.8173	16.9994	17.5796
May	17.5520	16.6613	17.0981
June	17.4600	16.8102	16.9996
July	17.5331	17.0590	17.2788
August	17.4298	16.4933	17.0859
September	17.0856	16.6944	16.9249
October	17.4252	16.5818	16.9380
November	18.1409	17.2944	17.7959
December	18.1295	17.5147	17.6872