2011 HRK to RSD Historical Review

YEARLY HIGH

14.3681 RSD

YEARLY LOW

12.9263 RSD

YEARLY AVERAGE

13.6689 RSD

2011 HRK to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HRK to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 14.3681. Conversely, the yearly low was recorded on June 1, dropping to 12.9263.

This high-to-low spread represents a total annual volatility of 1.4418 RSD. From a start-to-finish perspective, comparing the January average rate of 14.1695 to the December average rate of 13.7069, the exchange rate registered a net change of -3.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 14.3681 was down 7.73% compared to the 2010 peak of 15.5725, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 71,841 RSD

2010 Average 70,557 RSD

Yearly Trough Low 64,631 RSD

Transaction Impact: A difference of 7,209.22 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

14.2639

13.1307

JanuMarcMayJulySeptNove

HRK 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 13.7362, compared to 13.6015 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1347 points.

H1 Avg (Jan–Jun) 13.7362

H2 Avg (Jul–Dec) 13.6015

Volatility Range Comparison

Volatility

The most volatile month in 2011 was June, with a trading range of 0.8983 RSD (High: 13.8246 / Low: 12.9263). On the other end, March was the most stable month, with a tight range of 0.2247 RSD (High: 14.0541 / Low: 13.8295).

June Spread (Volatile) ±0.8983

March Spread (Stable) ±0.2247

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 April and May, when the average rate fell by 0.5184 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.5184

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 14.1695) against the same month in 2010 (average: 13.2758), the exchange rate shifted by +0.8937 (+6.73%).

2011 Avg (January) 14.1695

2010 Avg (January) 13.2758

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.3681	13.9549	14.1695
February	14.0923	13.7978	13.9087
March	14.0541	13.8295	13.9443
April	13.9634	13.4947	13.7435
May	13.5056	12.9353	13.2251
June	13.8246	12.9263	13.4260
July	13.9949	13.4814	13.7170
August	13.9306	13.4475	13.6728
September	13.6914	13.2875	13.4374
October	13.6830	13.2600	13.4078
November	13.9214	13.2495	13.6672
December	14.0163	13.4859	13.7069