2011 HUF to RSD Historical Review

YEARLY HIGH

0.3910 RSD

YEARLY LOW

0.3203 RSD

YEARLY AVERAGE

0.3650 RSD

2011 HUF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HUF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 22, valuing the pair at 0.3910. Conversely, the yearly low was recorded on November 14, dropping to 0.3203.

This high-to-low spread represents a total annual volatility of 0.0707 RSD. From a start-to-finish perspective, comparing the January average rate of 0.3811 to the December average rate of 0.3379, the exchange rate registered a net change of -11.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.3910 was down 6.28% compared to the 2010 peak of 0.4172, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 HUF based on timing:

Yearly Peak High 391,043 RSD

2010 Average 373,596 RSD

Yearly Trough Low 320,339 RSD

Transaction Impact: A difference of 70,704.53 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.3868

0.3263

JanuMarcMayJulySeptNove

HUF 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 0.3772, compared to 0.3528 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0244 points.

H1 Avg (Jan–Jun) 0.3772

H2 Avg (Jul–Dec) 0.3528

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0234 RSD (High: 0.3665 / Low: 0.3431). On the other end, January was the most stable month, with a tight range of 0.0084 RSD (High: 0.3860 / Low: 0.3775).

September Spread (Volatile) ±0.0234

January Spread (Stable) ±0.0084

Growth Streaks & Declines

Trends

Between February and April, 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 August and September, when the average rate fell by 0.0206 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0206

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2011: 0.3810) against the same month in 2010 (average: 0.3681), the exchange rate shifted by +0.0129 (+3.51%).

2011 Avg (July) 0.3810

2010 Avg (July) 0.3681

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3860	0.3775	0.3811
February	0.3852	0.3749	0.3805
March	0.3900	0.3726	0.3806
April	0.3880	0.3752	0.3818
May	0.3780	0.3555	0.3667
June	0.3827	0.3610	0.3726
July	0.3910	0.3726	0.3810
August	0.3810	0.3678	0.3746
September	0.3665	0.3431	0.3540
October	0.3502	0.3288	0.3381
November	0.3405	0.3203	0.3314
December	0.3441	0.3327	0.3379