2012 ARS to RSD Historical Review

YEARLY HIGH

21.3848 RSD

YEARLY LOW

17.3562 RSD

YEARLY AVERAGE

19.3415 RSD

2012 ARS to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the ARS to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 24, valuing the pair at 21.3848. Conversely, the yearly low was recorded on December 31, dropping to 17.3562.

This high-to-low spread represents a total annual volatility of 4.0286 RSD. From a start-to-finish perspective, comparing the January average rate of 18.8366 to the December average rate of 17.7134, the exchange rate registered a net change of -5.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 21.3848 was up 3.51% compared to the 2011 peak of 20.6588, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 106,924 RSD

2011 Average 88,619 RSD

Yearly Trough Low 86,781 RSD

Transaction Impact: A difference of 20,142.92 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

21.1496

17.4010

JanuMarcMayJulySeptNove

ARS 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 19.4404, compared to 19.2425 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1979 points.

H1 Avg (Jan–Jun) 19.4404

H2 Avg (Jul–Dec) 19.2425

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 2.0723 RSD (High: 21.2015 / Low: 19.1292). On the other end, April was the most stable month, with a tight range of 0.3864 RSD (High: 19.4272 / Low: 19.0408).

May Spread (Volatile) ±2.0723

April Spread (Stable) ±0.3864

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 1.3032 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -1.3032

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 20.8372) against the same month in 2011 (average: 17.3217), the exchange rate shifted by +3.5155 (+20.30%).

2012 Avg (July) 20.8372

2011 Avg (July) 17.3217

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.1343	18.5385	18.8366
February	19.0066	18.4330	18.8063
March	19.4968	19.0459	19.2436
April	19.4272	19.0408	19.2569
May	21.2015	19.1292	19.9238
June	21.1774	20.0761	20.5751
July	21.3848	20.1553	20.8372
August	21.2225	20.2613	20.6487
September	20.3100	18.8317	19.3456
October	19.0701	18.0722	18.5600
November	18.6011	17.8936	18.3504
December	18.1253	17.3562	17.7134