2012 MAD to RSD Historical Review

YEARLY HIGH

10.8409 RSD

YEARLY LOW

9.3604 RSD

YEARLY AVERAGE

10.1703 RSD

2012 MAD to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the MAD to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 10.8409. Conversely, the yearly low was recorded on January 11, dropping to 9.3604.

This high-to-low spread represents a total annual volatility of 1.4805 RSD. From a start-to-finish perspective, comparing the January average rate of 9.4440 to the December average rate of 10.1733, the exchange rate registered a net change of 7.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 10.8409 was up 13.56% compared to the 2011 peak of 9.5467, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 54,204 RSD

2011 Average 45,151 RSD

Yearly Trough Low 46,802 RSD

Transaction Impact: A difference of 7,402.44 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

10.8197

9.3190

JanuMarcMayJulySeptNove

MAD 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 9.9547, compared to 10.3860 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4313 points.

H1 Avg (Jan–Jun) 9.9547

H2 Avg (Jul–Dec) 10.3860

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.6938 RSD (High: 10.6579 / Low: 9.9641). On the other end, March was the most stable month, with a tight range of 0.0922 RSD (High: 9.9650 / Low: 9.8728).

May Spread (Volatile) ±0.6938

March Spread (Stable) ±0.0922

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.2315 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.2315

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2012: 10.6946) against the same month in 2011 (average: 9.0150), the exchange rate shifted by +1.6796 (+18.63%).

2012 Avg (August) 10.6946

2011 Avg (August) 9.0150

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.5262	9.3604	9.4440
February	9.9131	9.4137	9.6917
March	9.9650	9.8728	9.9186
April	10.0370	9.9229	9.9900
May	10.6579	9.9641	10.2272
June	10.6767	10.2953	10.4564
July	10.7996	10.3760	10.5841
August	10.8409	10.6211	10.6946
September	10.6961	10.3217	10.4636
October	10.4091	10.0119	10.2322
November	10.2731	10.0513	10.1681
December	10.2586	10.1030	10.1733