2011 BGN to RSD Historical Review

YEARLY HIGH

54.3588 RSD

YEARLY LOW

49.1120 RSD

YEARLY AVERAGE

51.9698 RSD

2011 BGN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BGN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 54.3588. Conversely, the yearly low was recorded on May 23, dropping to 49.1120.

This high-to-low spread represents a total annual volatility of 5.2468 RSD. From a start-to-finish perspective, comparing the January average rate of 53.6094 to the December average rate of 52.6317, the exchange rate registered a net change of -1.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 54.3588 was down 6.89% compared to the 2010 peak of 58.3826, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 271,794 RSD

2010 Average 262,893 RSD

Yearly Trough Low 245,560 RSD

Transaction Impact: A difference of 26,233.79 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

53.9590

49.7639

JanuMarcMayJulySeptNove

BGN 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 51.9482, compared to 51.9914 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0432 points.

H1 Avg (Jan–Jun) 51.9482

H2 Avg (Jul–Dec) 51.9914

Volatility Range Comparison

Volatility

The most volatile month in 2011 was June, with a trading range of 2.9530 RSD (High: 52.1960 / Low: 49.2430). On the other end, March was the most stable month, with a tight range of 1.1149 RSD (High: 53.2381 / Low: 52.1232).

June Spread (Volatile) ±2.9530

March Spread (Stable) ±1.1149

Growth Streaks & Declines

Trends

Between May and August, 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 April and May, when the average rate fell by 1.6223 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.6223

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 53.6094) against the same month in 2010 (average: 49.5218), the exchange rate shifted by +4.0876 (+8.25%).

2011 Avg (January) 53.6094

2010 Avg (January) 49.5218

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	54.3588	53.0787	53.6094
February	53.4093	52.2574	52.7279
March	53.2381	52.1232	52.6726
April	52.5488	50.8237	51.7358
May	50.9730	49.1120	50.1135
June	52.1960	49.2430	50.8303
July	53.4181	50.9897	52.0719
August	53.1723	51.3971	52.1596
September	52.4032	50.9835	51.4904
October	52.2015	50.6171	51.2756
November	53.4198	50.7575	52.3194
December	53.9956	51.6812	52.6317