2011 NGN to RSD Historical Review

YEARLY HIGH

0.5374 RSD

YEARLY LOW

0.4281 RSD

YEARLY AVERAGE

0.4692 RSD

2011 NGN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NGN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 0.5374. Conversely, the yearly low was recorded on June 1, dropping to 0.4281.

This high-to-low spread represents a total annual volatility of 0.1093 RSD. From a start-to-finish perspective, comparing the January average rate of 0.5143 to the December average rate of 0.4813, the exchange rate registered a net change of -6.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.5374 was down 6.05% compared to the 2010 peak of 0.5720, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 537,414 RSD

2010 Average 514,060 RSD

Yearly Trough Low 428,070 RSD

Transaction Impact: A difference of 109,344.49 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.5220

0.4296

JanuMarcMayJulySeptNove

NGN 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 0.4696, compared to 0.4689 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.4696

H2 Avg (Jul–Dec) 0.4689

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0403 RSD (High: 0.4838 / Low: 0.4435). On the other end, February was the most stable month, with a tight range of 0.0138 RSD (High: 0.5006 / Low: 0.4868).

October Spread (Volatile) ±0.0403

February Spread (Stable) ±0.0138

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 March and April, when the average rate fell by 0.0217 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0217

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.5143) against the same month in 2010 (average: 0.4514), the exchange rate shifted by +0.0629 (+13.93%).

2011 Avg (January) 0.5143

2010 Avg (January) 0.4514

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5374	0.4977	0.5143
February	0.5006	0.4868	0.4943
March	0.4908	0.4651	0.4746
April	0.4704	0.4329	0.4529
May	0.4527	0.4288	0.4373
June	0.4625	0.4281	0.4439
July	0.4819	0.4521	0.4685
August	0.4763	0.4506	0.4634
September	0.4805	0.4524	0.4677
October	0.4838	0.4435	0.4572
November	0.4867	0.4595	0.4755
December	0.5038	0.4720	0.4813