2016 VEF to RSD Historical Review

YEARLY HIGH

18.0165 RSD

YEARLY LOW

10.6948 RSD

YEARLY AVERAGE

12.7609 RSD

2016 VEF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the VEF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 18.0165. Conversely, the yearly low was recorded on May 3, dropping to 10.6948.

This high-to-low spread represents a total annual volatility of 7.3217 RSD. From a start-to-finish perspective, comparing the January average rate of 17.8525 to the December average rate of 11.7177, the exchange rate registered a net change of -34.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 18.0165 was down 0.69% compared to the 2015 peak of 18.1409, 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 90,083 RSD

2015 Average 86,088 RSD

Yearly Trough Low 53,474 RSD

Transaction Impact: A difference of 36,608.32 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

18.5518

10.1603

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 14.2698, compared to 11.2519 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.0178 points.

H1 Avg (Jan–Jun) 14.2698

H2 Avg (Jul–Dec) 11.2519

Volatility Range Comparison

Volatility

The most volatile month in 2016 was March, with a trading range of 0.8417 RSD (High: 17.9781 / Low: 17.1364). On the other end, September was the most stable month, with a tight range of 0.0961 RSD (High: 11.0651 / Low: 10.9691).

March Spread (Volatile) ±0.8417

September Spread (Stable) ±0.0961

Growth Streaks & Declines

Trends

Between April and July, 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 March and April, when the average rate fell by 6.6295 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -6.6295

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2016: 17.8525) against the same month in 2015 (average: 16.6786), the exchange rate shifted by +1.1738 (+7.04%).

2016 Avg (January) 17.8525

2015 Avg (January) 16.6786

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.0165	17.6843	17.8525
February	17.8886	17.1825	17.5012
March	17.9781	17.1364	17.4891
April	10.9743	10.7362	10.8596
May	11.1286	10.6948	10.9077
June	11.2538	10.8725	11.0087
July	11.2549	11.0676	11.1561
August	11.1341	10.9060	11.0179
September	11.0651	10.9691	11.0132
October	11.3450	10.9759	11.1775
November	11.6985	11.0775	11.4293
December	11.9035	11.4908	11.7177