2012 BTN to RSD Historical Review

YEARLY HIGH

1.8886 RSD

YEARLY LOW

1.5281 RSD

YEARLY AVERAGE

1.6694 RSD

2012 BTN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the BTN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 25, valuing the pair at 1.8886. Conversely, the yearly low was recorded on January 3, dropping to 1.5281.

This high-to-low spread represents a total annual volatility of 0.3605 RSD. From a start-to-finish perspective, comparing the January average rate of 1.5894 to the December average rate of 1.5809, the exchange rate registered a net change of -0.54% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 1.8886 was up 4.36% compared to the 2011 peak of 1.8098, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,443 RSD

2011 Average 7,851 RSD

Yearly Trough Low 7,641 RSD

Transaction Impact: A difference of 1,802.63 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

1.8756

1.5541

JanuMarcMayJulySeptNove

BTN 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 1.6377, compared to 1.7011 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0634 points.

H1 Avg (Jan–Jun) 1.6377

H2 Avg (Jul–Dec) 1.7011

Volatility Range Comparison

Volatility

The most volatile month in 2012 was July, with a trading range of 0.2264 RSD (High: 1.8886 / Low: 1.6622). On the other end, February was the most stable month, with a tight range of 0.0498 RSD (High: 1.6755 / Low: 1.6257).

July Spread (Volatile) ±0.2264

February Spread (Stable) ±0.0498

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 August and September, when the average rate fell by 0.1080 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1080

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 1.7757) against the same month in 2011 (average: 1.6069), the exchange rate shifted by +0.1688 (+10.50%).

2012 Avg (July) 1.7757

2011 Avg (July) 1.6069

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6334	1.5281	1.5894
February	1.6755	1.6257	1.6595
March	1.7008	1.6259	1.6646
April	1.6678	1.6002	1.6372
May	1.6886	1.5895	1.6287
June	1.6994	1.5860	1.6468
July	1.8886	1.6622	1.7757
August	1.8839	1.8195	1.8488
September	1.8303	1.6353	1.7408
October	1.7791	1.6117	1.6557
November	1.6471	1.5494	1.6048
December	1.6184	1.5539	1.5809