2011 GIP to RSD Historical Review

YEARLY HIGH

127.4523 RSD

YEARLY LOW

109.5004 RSD

YEARLY AVERAGE

117.1862 RSD

2011 GIP to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GIP to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 127.4523. Conversely, the yearly low was recorded on May 5, dropping to 109.5004.

This high-to-low spread represents a total annual volatility of 17.9519 RSD. From a start-to-finish perspective, comparing the January average rate of 123.6562 to the December average rate of 122.0394, the exchange rate registered a net change of -1.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 127.4523 was down 2.27% compared to the 2010 peak of 130.4144, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 637,262 RSD

2010 Average 599,825 RSD

Yearly Trough Low 547,502 RSD

Transaction Impact: A difference of 89,759.53 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

124.8576

110.4413

JanuMarcMayJulySeptNove

GIP 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 117.1067, compared to 117.2656 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1590 points.

H1 Avg (Jan–Jun) 117.1067

H2 Avg (Jul–Dec) 117.2656

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 7.7268 RSD (High: 118.4300 / Low: 110.7032). On the other end, February was the most stable month, with a tight range of 3.3983 RSD (High: 123.4418 / Low: 120.0436).

July Spread (Volatile) ±7.7268

February Spread (Stable) ±3.3983

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 March and April, when the average rate fell by 4.2195 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -4.2195

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 123.6562) against the same month in 2010 (average: 109.7663), the exchange rate shifted by +13.8899 (+12.65%).

2011 Avg (January) 123.6562

2010 Avg (January) 109.7663

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	127.4523	120.4316	123.6562
February	123.4418	120.0436	121.8289
March	122.8166	116.8895	118.8414
April	116.7737	111.5520	114.6219
May	114.2622	109.5004	111.6427
June	115.3514	109.5253	112.0490
July	118.4300	110.7032	115.0541
August	118.1771	113.7592	116.4224
September	118.4634	113.4999	115.5122
October	118.1013	113.4085	115.2179
November	121.9746	116.0875	119.3480
December	126.7116	119.3190	122.0394