2011 MDL to RSD Historical Review

YEARLY HIGH

6.9981 RSD

YEARLY LOW

5.7314 RSD

YEARLY AVERAGE

6.2428 RSD

2011 MDL to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MDL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 6.9981. Conversely, the yearly low was recorded on June 1, dropping to 5.7314.

This high-to-low spread represents a total annual volatility of 1.2668 RSD. From a start-to-finish perspective, comparing the January average rate of 6.4443 to the December average rate of 6.6532, the exchange rate registered a net change of 3.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 6.9981 was up 0.06% compared to the 2010 peak of 6.9940, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 34,991 RSD

2010 Average 31,424 RSD

Yearly Trough Low 28,657 RSD

Transaction Impact: A difference of 6,333.91 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

6.7293

5.8168

JanuMarcMayJulySeptNove

MDL 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 6.1342, compared to 6.3514 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2172 points.

H1 Avg (Jan–Jun) 6.1342

H2 Avg (Jul–Dec) 6.3514

Volatility Range Comparison

Volatility

The most volatile month in 2011 was December, with a trading range of 0.5002 RSD (High: 6.9981 / Low: 6.4979). On the other end, August was the most stable month, with a tight range of 0.1555 RSD (High: 6.3607 / Low: 6.2052).

December Spread (Volatile) ±0.5002

August Spread (Stable) ±0.1555

Growth Streaks & Declines

Trends

Between May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.1431 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1431

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 6.6532) against the same month in 2010 (average: 6.6032), the exchange rate shifted by +0.0500 (+0.76%).

2011 Avg (December) 6.6532

2010 Avg (December) 6.6032

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	6.6703	6.2844	6.4443
February	6.3688	6.2083	6.3031
March	6.3106	6.0658	6.1600
April	6.1440	5.8280	6.0180
May	6.0665	5.7377	5.8929
June	6.1954	5.7314	5.9871
July	6.3736	6.0038	6.2036
August	6.3607	6.2052	6.2683
September	6.4734	6.1947	6.2916
October	6.4530	6.1167	6.2505
November	6.5767	6.2910	6.4412
December	6.9981	6.4979	6.6532