2011 BIF to RSD Historical Review

YEARLY HIGH

0.0721 RSD

YEARLY LOW

0.0543 RSD

YEARLY AVERAGE

0.0606 RSD

2011 BIF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BIF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 0.0721. Conversely, the yearly low was recorded on May 5, dropping to 0.0543.

This high-to-low spread represents a total annual volatility of 0.0178 RSD. From a start-to-finish perspective, comparing the January average rate of 0.0691 to the December average rate of 0.0607, the exchange rate registered a net change of -12.24% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0721 was down 5.10% compared to the 2010 peak of 0.0760, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 361 RSD

2010 Average 342 RSD

Yearly Trough Low 272 RSD

Transaction Impact: A difference of 89.13 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0705

0.0544

JanuMarcMayJulySeptNove

BIF 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 0.0617, compared to 0.0595 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0022 points.

H1 Avg (Jan–Jun) 0.0617

H2 Avg (Jul–Dec) 0.0595

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.0095 RSD (High: 0.0641 / Low: 0.0546). On the other end, February was the most stable month, with a tight range of 0.0016 RSD (High: 0.0671 / Low: 0.0655).

April Spread (Volatile) ±0.0095

February Spread (Stable) ±0.0016

Growth Streaks & Declines

Trends

Between May and July, 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 March and April, when the average rate fell by 0.0071 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0071

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.0691) against the same month in 2010 (average: 0.0596), the exchange rate shifted by +0.0096 (+16.11%).

2011 Avg (January) 0.0691

2010 Avg (January) 0.0596

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0721	0.0668	0.0691
February	0.0671	0.0655	0.0665
March	0.0662	0.0636	0.0648
April	0.0641	0.0546	0.0577
May	0.0575	0.0543	0.0557
June	0.0582	0.0543	0.0564
July	0.0599	0.0561	0.0581
August	0.0590	0.0567	0.0580
September	0.0616	0.0569	0.0595
October	0.0623	0.0572	0.0595
November	0.0629	0.0591	0.0612
December	0.0629	0.0587	0.0607