2011 CDF to RSD Historical Review

YEARLY HIGH

0.0903 RSD

YEARLY LOW

0.0726 RSD

YEARLY AVERAGE

0.0802 RSD

2011 CDF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the CDF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 0.0903. Conversely, the yearly low was recorded on May 5, dropping to 0.0726.

This high-to-low spread represents a total annual volatility of 0.0177 RSD. From a start-to-finish perspective, comparing the January average rate of 0.0866 to the December average rate of 0.0864, the exchange rate registered a net change of -0.18% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0903 was down 6.57% compared to the 2010 peak of 0.0966, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 451 RSD

2010 Average 434 RSD

Yearly Trough Low 363 RSD

Transaction Impact: A difference of 88.40 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0877

0.0736

JanuMarcMayJulySeptNove

CDF 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 0.0796, compared to 0.0809 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0013 points.

H1 Avg (Jan–Jun) 0.0796

H2 Avg (Jul–Dec) 0.0809

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0073 RSD (High: 0.0903 / Low: 0.0830). On the other end, February was the most stable month, with a tight range of 0.0024 RSD (High: 0.0836 / Low: 0.0812).

January Spread (Volatile) ±0.0073

February Spread (Stable) ±0.0024

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0040 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0040

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.0866) against the same month in 2010 (average: 0.0760), the exchange rate shifted by +0.0105 (+13.87%).

2011 Avg (January) 0.0866

2010 Avg (January) 0.0760

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0903	0.0830	0.0866
February	0.0836	0.0812	0.0826
March	0.0824	0.0791	0.0806
April	0.0801	0.0736	0.0769
May	0.0775	0.0726	0.0748
June	0.0788	0.0731	0.0762
July	0.0802	0.0759	0.0782
August	0.0799	0.0762	0.0781
September	0.0830	0.0764	0.0798
October	0.0834	0.0769	0.0798
November	0.0859	0.0797	0.0830
December	0.0900	0.0842	0.0864