2011 GEL to RSD Historical Review

YEARLY HIGH

48.9159 RSD

YEARLY LOW

39.2390 RSD

YEARLY AVERAGE

43.3847 RSD

2011 GEL to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GEL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 48.9159. Conversely, the yearly low was recorded on May 5, dropping to 39.2390.

This high-to-low spread represents a total annual volatility of 9.6769 RSD. From a start-to-finish perspective, comparing the January average rate of 43.6983 to the December average rate of 47.0889, the exchange rate registered a net change of 7.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 48.9159 was up 4.10% compared to the 2010 peak of 46.9885, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 244,580 RSD

2010 Average 217,042 RSD

Yearly Trough Low 196,195 RSD

Transaction Impact: A difference of 48,384.70 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

47.7248

40.0942

JanuMarcMayJulySeptNove

GEL 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 42.3176, compared to 44.4518 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.1342 points.

H1 Avg (Jan–Jun) 42.3176

H2 Avg (Jul–Dec) 44.4518

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 4.2468 RSD (High: 46.1183 / Low: 41.8714). On the other end, March was the most stable month, with a tight range of 1.2089 RSD (High: 43.7321 / Low: 42.5232).

January Spread (Volatile) ±4.2468

March Spread (Stable) ±1.2089

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 1.3444 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -1.3444

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 47.0889) against the same month in 2010 (average: 45.4520), the exchange rate shifted by +1.6369 (+3.60%).

2011 Avg (December) 47.0889

2010 Avg (December) 45.4520

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	46.1183	41.8714	43.6983
February	43.1945	41.6624	42.6010
March	43.7321	42.5232	43.0164
April	43.2362	40.8179	42.0744
May	41.7634	39.2390	40.7301
June	43.4187	40.1613	41.7853
July	44.2001	41.4802	42.8285
August	43.7596	42.4221	43.1499
September	45.6779	42.2815	43.9867
October	45.9825	42.4652	44.0829
November	46.9392	44.0085	45.5741
December	48.9159	46.1318	47.0889