2011 JMD to RSD Historical Review

YEARLY HIGH

0.9495 RSD

YEARLY LOW

0.7800 RSD

YEARLY AVERAGE

0.8511 RSD

2011 JMD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the JMD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.9495. Conversely, the yearly low was recorded on May 5, dropping to 0.7800.

This high-to-low spread represents a total annual volatility of 0.1696 RSD. From a start-to-finish perspective, comparing the January average rate of 0.9035 to the December average rate of 0.9064, the exchange rate registered a net change of 0.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.9495 was down 3.79% compared to the 2010 peak of 0.9869, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,748 RSD

2010 Average 4,431 RSD

Yearly Trough Low 3,900 RSD

Transaction Impact: A difference of 847.76 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.9168

0.7920

JanuMarcMayJulySeptNove

JMD 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 0.8421, compared to 0.8601 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0180 points.

H1 Avg (Jan–Jun) 0.8421

H2 Avg (Jul–Dec) 0.8601

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0749 RSD (High: 0.9450 / Low: 0.8702). On the other end, February was the most stable month, with a tight range of 0.0232 RSD (High: 0.8803 / Low: 0.8570).

January Spread (Volatile) ±0.0749

February Spread (Stable) ±0.0232

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 0.0336 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0336

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.9064) against the same month in 2010 (average: 0.9224), the exchange rate shifted by -0.0159 (-1.73%).

2011 Avg (December) 0.9064

2010 Avg (December) 0.9224

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9450	0.8702	0.9035
February	0.8803	0.8570	0.8699
March	0.8653	0.8303	0.8460
April	0.8447	0.7856	0.8193
May	0.8272	0.7800	0.8024
June	0.8384	0.7836	0.8114
July	0.8583	0.8066	0.8362
August	0.8493	0.8148	0.8329
September	0.8862	0.8172	0.8545
October	0.8932	0.8191	0.8522
November	0.9034	0.8443	0.8783
December	0.9495	0.8885	0.9064