2011 HTG to RSD Historical Review

YEARLY HIGH

2.0413 RSD

YEARLY LOW

1.6261 RSD

YEARLY AVERAGE

1.8014 RSD

2011 HTG to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HTG to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 2.0413. Conversely, the yearly low was recorded on May 5, dropping to 1.6261.

This high-to-low spread represents a total annual volatility of 0.4152 RSD. From a start-to-finish perspective, comparing the January average rate of 1.9494 to the December average rate of 1.9322, the exchange rate registered a net change of -0.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.0413 was down 5.00% compared to the 2010 peak of 2.1486, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,207 RSD

2010 Average 9,670 RSD

Yearly Trough Low 8,131 RSD

Transaction Impact: A difference of 2,075.98 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.9766

1.6498

JanuMarcMayJulySeptNove

HTG 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 1.7857, compared to 1.8172 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0315 points.

H1 Avg (Jan–Jun) 1.7857

H2 Avg (Jul–Dec) 1.8172

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.1849 RSD (High: 2.0413 / Low: 1.8564). On the other end, February was the most stable month, with a tight range of 0.0425 RSD (High: 1.8773 / Low: 1.8349).

January Spread (Volatile) ±0.1849

February Spread (Stable) ±0.0425

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 0.0951 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0951

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 1.9494) against the same month in 2010 (average: 1.6899), the exchange rate shifted by +0.2595 (+15.36%).

2011 Avg (January) 1.9494

2010 Avg (January) 1.6899

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0413	1.8564	1.9494
February	1.8773	1.8349	1.8543
March	1.8456	1.7861	1.8096
April	1.8003	1.6488	1.7232
May	1.7362	1.6261	1.6770
June	1.7675	1.6432	1.7004
July	1.8051	1.6915	1.7588
August	1.7932	1.7191	1.7536
September	1.8586	1.7243	1.8003
October	1.8787	1.7247	1.7959
November	1.9216	1.7838	1.8622
December	2.0244	1.8884	1.9322