2011 BZD to RSD Historical Review

YEARLY HIGH

41.3398 RSD

YEARLY LOW

33.4974 RSD

YEARLY AVERAGE

36.7574 RSD

2011 BZD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BZD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 41.3398. Conversely, the yearly low was recorded on May 4, dropping to 33.4974.

This high-to-low spread represents a total annual volatility of 7.8425 RSD. From a start-to-finish perspective, comparing the January average rate of 39.4860 to the December average rate of 39.2254, the exchange rate registered a net change of -0.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 41.3398 was down 5.04% compared to the 2010 peak of 43.5327, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 206,699 RSD

2010 Average 195,431 RSD

Yearly Trough Low 167,487 RSD

Transaction Impact: A difference of 39,212.35 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

40.0009

33.8227

JanuMarcMayJulySeptNove

BZD 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 36.4762, compared to 37.0386 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5624 points.

H1 Avg (Jan–Jun) 36.4762

H2 Avg (Jul–Dec) 37.0386

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 3.2337 RSD (High: 41.3398 / Low: 38.1062). On the other end, February was the most stable month, with a tight range of 0.9653 RSD (High: 38.4491 / Low: 37.4838).

January Spread (Volatile) ±3.2337

February Spread (Stable) ±0.9653

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 1.8380 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.8380

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 39.4860) against the same month in 2010 (average: 34.1738), the exchange rate shifted by +5.3122 (+15.54%).

2011 Avg (January) 39.4860

2010 Avg (January) 34.1738

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	41.3398	38.1062	39.4860
February	38.4491	37.4838	38.0277
March	37.9385	36.3212	37.0354
April	36.5682	33.5877	35.1974
May	35.4675	33.4974	34.3375
June	36.0296	33.5297	34.7733
July	36.8974	34.6479	35.8529
August	36.3213	35.1181	35.8156
September	38.0901	35.1295	36.7249
October	38.5029	35.3560	36.6971
November	39.0270	36.5500	37.9156
December	40.9915	38.3803	39.2254