2011 GNF to RSD Historical Review

YEARLY HIGH

0.0118 RSD

YEARLY LOW

0.0093 RSD

YEARLY AVERAGE

0.0106 RSD

2011 GNF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GNF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 0.0118. Conversely, the yearly low was recorded on May 5, dropping to 0.0093.

This high-to-low spread represents a total annual volatility of 0.0025 RSD. From a start-to-finish perspective, comparing the January average rate of 0.0109 to the December average rate of 0.0113, the exchange rate registered a net change of 3.70% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0118 was down 31.34% compared to the 2010 peak of 0.0171, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 59 RSD

2010 Average 71 RSD

Yearly Trough Low 46 RSD

Transaction Impact: A difference of 12.34 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0114

0.0095

JanuMarcMayJulySeptNove

GNF 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 0.0102, compared to 0.0109 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0102

H2 Avg (Jul–Dec) 0.0109

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0018 RSD (High: 0.0118 / Low: 0.0100). On the other end, February was the most stable month, with a tight range of 0.0007 RSD (High: 0.0105 / Low: 0.0098).

January Spread (Volatile) ±0.0018

February Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0006 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.0109) against the same month in 2010 (average: 0.0136), the exchange rate shifted by -0.0027 (-20.06%).

2011 Avg (January) 0.0109

2010 Avg (January) 0.0136

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0118	0.0100	0.0109
February	0.0105	0.0098	0.0103
March	0.0106	0.0098	0.0103
April	0.0103	0.0095	0.0099
May	0.0103	0.0093	0.0097
June	0.0107	0.0100	0.0103
July	0.0110	0.0103	0.0107
August	0.0109	0.0099	0.0106
September	0.0114	0.0106	0.0111
October	0.0115	0.0103	0.0108
November	0.0114	0.0107	0.0111
December	0.0117	0.0110	0.0113