2011 RSD to AFN Historical Review

YEARLY HIGH

0.6852 AFN

YEARLY LOW

0.5237 AFN

YEARLY AVERAGE

0.6061 AFN

2011 RSD to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the RSD to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 28, valuing the pair at 0.6852. Conversely, the yearly low was recorded on January 10, dropping to 0.5237.

This high-to-low spread represents a total annual volatility of 0.1616 AFN. From a start-to-finish perspective, comparing the January average rate of 0.5485 to the December average rate of 0.5946, the exchange rate registered a net change of 8.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.6852 was down 6.27% compared to the 2010 peak of 0.7311, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,426 AFN

2010 Average 2,928 AFN

Yearly Trough Low 2,618 AFN

Transaction Impact: A difference of 807.97 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.6722

0.5373

JanuMarcMayJulySeptNove

RSD to AFN 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 0.5950, compared to 0.6172 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0221 points.

H1 Avg (Jan–Jun) 0.5950

H2 Avg (Jul–Dec) 0.6172

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0733 AFN (High: 0.6509 / Low: 0.5776). On the other end, February was the most stable month, with a tight range of 0.0145 AFN (High: 0.5775 / Low: 0.5630).

September Spread (Volatile) ±0.0733

February Spread (Stable) ±0.0145

Growth Streaks & Declines

Trends

Between January and May, 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 November and December, when the average rate fell by 0.0429 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0429

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2011: 0.6610) against the same month in 2010 (average: 0.5445), the exchange rate shifted by +0.1165 (+21.39%).

2011 Avg (October) 0.6610

2010 Avg (October) 0.5445

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5681	0.5237	0.5485
February	0.5775	0.5630	0.5693
March	0.5957	0.5700	0.5847
April	0.6424	0.5916	0.6146
May	0.6479	0.6104	0.6303
June	0.6483	0.6029	0.6229
July	0.6233	0.5865	0.6033
August	0.6160	0.5938	0.6042
September	0.6509	0.5776	0.6026
October	0.6852	0.6296	0.6610
November	0.6634	0.6022	0.6375
December	0.6317	0.5599	0.5946