2011 BND to RSD Historical Review

YEARLY HIGH

63.2804 RSD

YEARLY LOW

53.7644 RSD

YEARLY AVERAGE

58.1636 RSD

2011 BND to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BND to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 63.2804. Conversely, the yearly low was recorded on May 5, dropping to 53.7644.

This high-to-low spread represents a total annual volatility of 9.5160 RSD. From a start-to-finish perspective, comparing the January average rate of 60.9477 to the December average rate of 60.3497, the exchange rate registered a net change of -0.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 63.2804 was up 0.50% compared to the 2010 peak of 62.9647, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 316,402 RSD

2010 Average 285,260 RSD

Yearly Trough Low 268,822 RSD

Transaction Impact: A difference of 47,580.12 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

61.5260

54.5867

JanuMarcMayJulySeptNove

BND 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 57.5784, compared to 58.7487 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1703 points.

H1 Avg (Jan–Jun) 57.5784

H2 Avg (Jul–Dec) 58.7487

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 4.3220 RSD (High: 63.2804 / Low: 58.9584). On the other end, February was the most stable month, with a tight range of 1.4100 RSD (High: 59.7097 / Low: 58.2997).

January Spread (Volatile) ±4.3220

February Spread (Stable) ±1.4100

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 March and April, when the average rate fell by 1.8852 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.8852

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 60.9477) against the same month in 2010 (average: 48.6020), the exchange rate shifted by +12.3457 (+25.40%).

2011 Avg (January) 60.9477

2010 Avg (January) 48.6020

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	63.2804	58.9584	60.9477
February	59.7097	58.2997	59.2107
March	59.3170	57.0189	58.0238
April	57.5350	54.6532	56.1386
May	56.3503	53.7644	55.1650
June	57.6237	54.3054	55.9847
July	60.3972	56.0944	58.6330
August	59.6338	57.8307	58.8488
September	60.4858	58.1260	58.8020
October	59.6041	55.9992	57.3136
November	60.6524	57.4939	58.5454
December	62.9797	59.2236	60.3497