2014 VUV to RSD Historical Review

YEARLY HIGH

0.9839 RSD

YEARLY LOW

0.8584 RSD

YEARLY AVERAGE

0.9171 RSD

2014 VUV to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the VUV to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 3, valuing the pair at 0.9839. Conversely, the yearly low was recorded on January 1, dropping to 0.8584.

This high-to-low spread represents a total annual volatility of 0.1255 RSD. From a start-to-finish perspective, comparing the January average rate of 0.8789 to the December average rate of 0.9663, the exchange rate registered a net change of 9.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.9839 was up 3.13% compared to the 2013 peak of 0.9540, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,919 RSD

2013 Average 4,537 RSD

Yearly Trough Low 4,292 RSD

Transaction Impact: A difference of 627.34 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.9825

0.8612

JanuMarcMayJulySeptNove

VUV 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 0.8848, compared to 0.9495 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0648 points.

H1 Avg (Jan–Jun) 0.8848

H2 Avg (Jul–Dec) 0.9495

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0341 RSD (High: 0.8925 / Low: 0.8584). On the other end, October was the most stable month, with a tight range of 0.0190 RSD (High: 0.9626 / Low: 0.9435).

January Spread (Volatile) ±0.0341

October Spread (Stable) ±0.0190

Growth Streaks & Declines

Trends

Between March and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0069 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0069

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.9663) against the same month in 2013 (average: 0.8715), the exchange rate shifted by +0.0947 (+10.87%).

2014 Avg (December) 0.9663

2013 Avg (December) 0.8715

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8925	0.8584	0.8789
February	0.8936	0.8703	0.8782
March	0.8855	0.8650	0.8713
April	0.8987	0.8794	0.8883
May	0.9030	0.8773	0.8926
June	0.9070	0.8841	0.8992
July	0.9300	0.9029	0.9139
August	0.9439	0.9202	0.9334
September	0.9697	0.9397	0.9578
October	0.9626	0.9435	0.9534
November	0.9815	0.9603	0.9724
December	0.9839	0.9512	0.9663