2011 HNL to RSD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 HNL to RSD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the HNL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 4.3426. Conversely, the yearly low was recorded on May 5, dropping to 3.5109.
This high-to-low spread represents a total annual volatility of 0.8318 RSD. From a start-to-finish perspective, comparing the January average rate of 4.1479 to the December average rate of 4.1235, the exchange rate registered a net change of -0.59% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2011 high of 4.3426 was down 5.04% compared to the 2010 peak of 4.5730, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 HNL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
HNL to RSD Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 3.8338, compared to 3.9006 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0668 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was October, with a trading range of 0.3443 RSD (High: 4.0573 / Low: 3.7130). On the other end, February was the most stable month, with a tight range of 0.0997 RSD (High: 4.0390 / Low: 3.9393).
Growth Streaks & Declines
TrendsBetween May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1893 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2011: 4.1479) against the same month in 2010 (average: 3.5894), the exchange rate shifted by +0.5585 (+15.56%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.3426 | 4.0030 | 4.1479 |
| February | 4.0390 | 3.9393 | 3.9954 |
| March | 3.9882 | 3.8122 | 3.8921 |
| April | 3.8437 | 3.5401 | 3.7028 |
| May | 3.7282 | 3.5109 | 3.6092 |
| June | 3.7714 | 3.5338 | 3.6552 |
| July | 3.8759 | 3.6518 | 3.7734 |
| August | 3.8548 | 3.7031 | 3.7839 |
| September | 4.0164 | 3.7144 | 3.8722 |
| October | 4.0573 | 3.7130 | 3.8624 |
| November | 4.1071 | 3.8402 | 3.9879 |
| December | 4.3038 | 4.0421 | 4.1235 |