2011 MMK to RSD Historical Review

YEARLY HIGH

12.6448 RSD

YEARLY LOW

10.2036 RSD

YEARLY AVERAGE

11.2713 RSD

2011 MMK to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the MMK to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 12.6448. Conversely, the yearly low was recorded on May 5, dropping to 10.2036.

This high-to-low spread represents a total annual volatility of 2.4412 RSD. From a start-to-finish perspective, comparing the January average rate of 12.0551 to the December average rate of 12.0685, the exchange rate registered a net change of 0.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 12.6448 was down 4.86% compared to the 2010 peak of 13.2905, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 63,224 RSD

2010 Average 59,665 RSD

Yearly Trough Low 51,018 RSD

Transaction Impact: A difference of 12,206.25 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

12.2266

10.3296

JanuMarcMayJulySeptNove

MMK 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 11.1395, compared to 11.4030 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2634 points.

H1 Avg (Jan–Jun) 11.1395

H2 Avg (Jul–Dec) 11.4030

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 1.0702 RSD (High: 11.8920 / Low: 10.8218). On the other end, February was the most stable month, with a tight range of 0.2947 RSD (High: 11.7385 / Low: 11.4438).

October Spread (Volatile) ±1.0702

February Spread (Stable) ±0.2947

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 March and April, when the average rate fell by 0.5491 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.5491

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 12.0685) against the same month in 2010 (average: 12.3075), the exchange rate shifted by -0.2390 (-1.94%).

2011 Avg (December) 12.0685

2010 Avg (December) 12.3075

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.6210	11.6338	12.0551
February	11.7385	11.4438	11.6098
March	11.5826	11.0889	11.3069
April	11.1642	10.2824	10.7578
May	10.8279	10.2036	10.4877
June	10.9593	10.2621	10.6199
July	11.4106	10.6058	10.9928
August	11.2922	10.7232	11.0104
September	11.6982	10.7556	11.3405
October	11.8920	10.8218	11.3144
November	12.0849	11.1928	11.6910
December	12.6448	11.7705	12.0685