2011 CVE to RSD Historical Review

YEARLY HIGH

0.9642 RSD

YEARLY LOW

0.8711 RSD

YEARLY AVERAGE

0.9218 RSD

2011 CVE to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the CVE to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.9642. Conversely, the yearly low was recorded on May 23, dropping to 0.8711.

This high-to-low spread represents a total annual volatility of 0.0931 RSD. From a start-to-finish perspective, comparing the January average rate of 0.9509 to the December average rate of 0.9335, the exchange rate registered a net change of -1.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.9642 was down 6.89% compared to the 2010 peak of 1.0356, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,821 RSD

2010 Average 4,663 RSD

Yearly Trough Low 4,356 RSD

Transaction Impact: A difference of 465.33 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.9571

0.8827

JanuMarcMayJulySeptNove

CVE 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 0.9214, compared to 0.9222 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.9214

H2 Avg (Jul–Dec) 0.9222

Volatility Range Comparison

Volatility

The most volatile month in 2011 was June, with a trading range of 0.0524 RSD (High: 0.9258 / Low: 0.8735). On the other end, March was the most stable month, with a tight range of 0.0198 RSD (High: 0.9443 / Low: 0.9246).

June Spread (Volatile) ±0.0524

March Spread (Stable) ±0.0198

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 April and May, when the average rate fell by 0.0288 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0288

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.9509) against the same month in 2010 (average: 0.8784), the exchange rate shifted by +0.0725 (+8.25%).

2011 Avg (January) 0.9509

2010 Avg (January) 0.8784

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9642	0.9415	0.9509
February	0.9474	0.9269	0.9353
March	0.9443	0.9246	0.9342
April	0.9321	0.9015	0.9177
May	0.9042	0.8711	0.8889
June	0.9258	0.8735	0.9016
July	0.9475	0.9044	0.9236
August	0.9432	0.9117	0.9252
September	0.9295	0.9043	0.9133
October	0.9259	0.8978	0.9095
November	0.9467	0.9003	0.9282
December	0.9575	0.9158	0.9335