2011 ILS to RSD Historical Review

YEARLY HIGH

23.0542 RSD

YEARLY LOW

19.4291 RSD

YEARLY AVERAGE

20.4347 RSD

2011 ILS to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ILS to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 23.0542. Conversely, the yearly low was recorded on August 29, dropping to 19.4291.

This high-to-low spread represents a total annual volatility of 3.6250 RSD. From a start-to-finish perspective, comparing the January average rate of 21.8760 to the December average rate of 20.6987, the exchange rate registered a net change of -5.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 23.0542 was up 0.75% compared to the 2010 peak of 22.8836, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 115,271 RSD

2010 Average 104,031 RSD

Yearly Trough Low 97,146 RSD

Transaction Impact: A difference of 18,125.15 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

22.0930

19.4885

JanuMarcMayJulySeptNove

ILS 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 20.5900, compared to 20.2794 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3106 points.

H1 Avg (Jan–Jun) 20.5900

H2 Avg (Jul–Dec) 20.2794

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 2.4559 RSD (High: 23.0542 / Low: 20.5983). On the other end, March was the most stable month, with a tight range of 0.5280 RSD (High: 20.9910 / Low: 20.4630).

January Spread (Volatile) ±2.4559

March Spread (Stable) ±0.5280

Growth Streaks & Declines

Trends

Between September and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 1.2287 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.2287

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 21.8760) against the same month in 2010 (average: 18.2676), the exchange rate shifted by +3.6084 (+19.75%).

2011 Avg (January) 21.8760

2010 Avg (January) 18.2676

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23.0542	20.5983	21.8760
February	21.1787	20.3767	20.6473
March	20.9910	20.4630	20.6509
April	20.8989	19.7223	20.4143
May	20.1046	19.4376	19.7055
June	20.7919	19.5391	20.2461
July	21.4701	20.2572	20.8799
August	20.8015	19.4291	20.0592
September	20.3779	19.4422	19.8256
October	20.4354	19.6022	19.9477
November	20.6366	19.8195	20.2654
December	21.4013	20.4290	20.6987