2011 NPR to RSD Historical Review

YEARLY HIGH

1.1528 RSD

YEARLY LOW

0.9054 RSD

YEARLY AVERAGE

0.9898 RSD

2011 NPR to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NPR to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 1.1528. Conversely, the yearly low was recorded on December 15, dropping to 0.9054.

This high-to-low spread represents a total annual volatility of 0.2474 RSD. From a start-to-finish perspective, comparing the January average rate of 1.1027 to the December average rate of 0.9318, the exchange rate registered a net change of -15.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.1528 was down 3.33% compared to the 2010 peak of 1.1925, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,764 RSD

2010 Average 5,443 RSD

Yearly Trough Low 4,527 RSD

Transaction Impact: A difference of 1,236.97 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.1198

0.9147

JanuMarcMayJulySeptNove

NPR 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 1.0172, compared to 0.9624 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0549 points.

H1 Avg (Jan–Jun) 1.0172

H2 Avg (Jul–Dec) 0.9624

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0907 RSD (High: 1.1528 / Low: 1.0621). On the other end, November was the most stable month, with a tight range of 0.0285 RSD (High: 0.9619 / Low: 0.9333).

January Spread (Volatile) ±0.0907

November Spread (Stable) ±0.0285

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 0.0499 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0499

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 1.1027) against the same month in 2010 (average: 0.9483), the exchange rate shifted by +0.1543 (+16.28%).

2011 Avg (January) 1.1027

2010 Avg (January) 0.9483

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1528	1.0621	1.1027
February	1.0767	1.0445	1.0615
March	1.0639	1.0184	1.0382
April	1.0295	0.9441	0.9884
May	0.9750	0.9270	0.9495
June	0.9924	0.9319	0.9630
July	1.0300	0.9696	1.0040
August	1.0141	0.9496	0.9818
September	0.9891	0.9542	0.9669
October	0.9907	0.9068	0.9439
November	0.9619	0.9333	0.9458
December	0.9724	0.9054	0.9318