2011 RSD to ARS Historical Review

YEARLY HIGH

0.0614 ARS

YEARLY LOW

0.0484 ARS

YEARLY AVERAGE

0.0566 ARS

2011 RSD to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the RSD to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 0.0614. Conversely, the yearly low was recorded on January 10, dropping to 0.0484.

This high-to-low spread represents a total annual volatility of 0.0130 ARS. From a start-to-finish perspective, comparing the January average rate of 0.0507 to the December average rate of 0.0549, the exchange rate registered a net change of 8.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0614 was up 7.68% compared to the 2010 peak of 0.0570, 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 307 ARS

2010 Average 253 ARS

Yearly Trough Low 242 ARS

Transaction Impact: A difference of 65.06 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0607

0.0498

JanuMarcMayJulySeptNove

RSD to ARS 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 0.0560, compared to 0.0571 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.0560

H2 Avg (Jul–Dec) 0.0571

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0054 ARS (High: 0.0601 / Low: 0.0548). On the other end, February was the most stable month, with a tight range of 0.0014 ARS (High: 0.0540 / Low: 0.0527).

October Spread (Volatile) ±0.0054

February Spread (Stable) ±0.0014

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 0.0015 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 0.0598) against the same month in 2010 (average: 0.0495), the exchange rate shifted by +0.0103 (+20.76%).

2011 Avg (May) 0.0598

2010 Avg (May) 0.0495

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0527	0.0484	0.0507
February	0.0540	0.0527	0.0532
March	0.0560	0.0535	0.0548
April	0.0610	0.0558	0.0581
May	0.0614	0.0580	0.0598
June	0.0613	0.0574	0.0593
July	0.0595	0.0562	0.0577
August	0.0600	0.0572	0.0585
September	0.0599	0.0554	0.0575
October	0.0601	0.0548	0.0577
November	0.0581	0.0550	0.0564
December	0.0559	0.0526	0.0549