2011 GMD to RSD Historical Review

YEARLY HIGH

2.9738 RSD

YEARLY LOW

2.3616 RSD

YEARLY AVERAGE

2.5961 RSD

2011 GMD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GMD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 2.9738. Conversely, the yearly low was recorded on June 5, dropping to 2.3616.

This high-to-low spread represents a total annual volatility of 0.6121 RSD. From a start-to-finish perspective, comparing the January average rate of 2.8310 to the December average rate of 2.7000, the exchange rate registered a net change of -4.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.9738 was down 2.47% compared to the 2010 peak of 3.0492, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,869 RSD

2010 Average 14,061 RSD

Yearly Trough Low 11,808 RSD

Transaction Impact: A difference of 3,060.68 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.8677

2.4270

JanuMarcMayJulySeptNove

GMD 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 2.6168, compared to 2.5754 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0414 points.

H1 Avg (Jan–Jun) 2.6168

H2 Avg (Jul–Dec) 2.5754

Volatility Range Comparison

Volatility

The most volatile month in 2011 was June, with a trading range of 0.3164 RSD (High: 2.6780 / Low: 2.3616). On the other end, September was the most stable month, with a tight range of 0.1197 RSD (High: 2.5841 / Low: 2.4644).

June Spread (Volatile) ±0.3164

September Spread (Stable) ±0.1197

Growth Streaks & Declines

Trends

Between September and December, 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 January and February, when the average rate fell by 0.1374 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1374

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 2.8310) against the same month in 2010 (average: 2.5869), the exchange rate shifted by +0.2440 (+9.43%).

2011 Avg (January) 2.8310

2010 Avg (January) 2.5869

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9738	2.6931	2.8310
February	2.7780	2.6346	2.6936
March	2.7491	2.6080	2.6627
April	2.6950	2.4332	2.5427
May	2.5377	2.3843	2.4637
June	2.6780	2.3616	2.5071
July	2.7489	2.4730	2.5759
August	2.6450	2.4405	2.5593
September	2.5841	2.4644	2.5107
October	2.6263	2.3903	2.5189
November	2.6945	2.4726	2.5876
December	2.8497	2.5941	2.7000