2011 PEN to RSD Historical Review

YEARLY HIGH

30.2872 RSD

YEARLY LOW

23.5747 RSD

YEARLY AVERAGE

26.5549 RSD

2011 PEN to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the PEN to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 30.2872. Conversely, the yearly low was recorded on May 2, dropping to 23.5747.

This high-to-low spread represents a total annual volatility of 6.7125 RSD. From a start-to-finish perspective, comparing the January average rate of 28.1392 to the December average rate of 28.9784, the exchange rate registered a net change of 2.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 30.2872 was up 5.18% compared to the 2010 peak of 28.7965, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 151,436 RSD

2010 Average 129,276 RSD

Yearly Trough Low 117,874 RSD

Transaction Impact: A difference of 33,562.56 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

29.4185

24.1370

JanuMarcMayJulySeptNove

PEN 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 26.0598, compared to 27.0499 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.9901 points.

H1 Avg (Jan–Jun) 26.0598

H2 Avg (Jul–Dec) 27.0499

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 2.1770 RSD (High: 25.8947 / Low: 23.7177). On the other end, August was the most stable month, with a tight range of 0.8077 RSD (High: 26.3682 / Low: 25.5605).

April Spread (Volatile) ±2.1770

August Spread (Stable) ±0.8077

Growth Streaks & Declines

Trends

Between August and December, 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 1.6220 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.6220

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 28.9784) against the same month in 2010 (average: 26.6667), the exchange rate shifted by +2.3117 (+8.67%).

2011 Avg (December) 28.9784

2010 Avg (December) 26.6667

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	29.2867	27.2964	28.1392
February	27.6114	26.7224	27.2579
March	27.1549	25.9376	26.4949
April	25.8947	23.7177	24.8729
May	25.5203	23.5747	24.5771
June	25.8343	24.0811	25.0169
July	26.7808	25.1208	26.0177
August	26.3682	25.5605	25.9851
September	27.3830	25.6425	26.6487
October	27.6270	26.0024	26.7524
November	28.7580	26.8717	27.9173
December	30.2872	28.3561	28.9784