2011 RSD to BAM Historical Review

YEARLY HIGH

0.0204 BAM

YEARLY LOW

0.0184 BAM

YEARLY AVERAGE

0.0193 BAM

2011 RSD to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the RSD to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on May 23, valuing the pair at 0.0204. Conversely, the yearly low was recorded on January 10, dropping to 0.0184.

This high-to-low spread represents a total annual volatility of 0.0019 BAM. From a start-to-finish perspective, comparing the January average rate of 0.0187 to the December average rate of 0.0190, the exchange rate registered a net change of 1.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0204 was down 0.39% compared to the 2010 peak of 0.0205, 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 102 BAM

2010 Average 95 BAM

Yearly Trough Low 92 BAM

Transaction Impact: A difference of 9.71 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0201

0.0185

JanuMarcMayJulySeptNove

RSD to BAM 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 0.0193, compared to 0.0192 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0193

H2 Avg (Jul–Dec) 0.0192

Volatility Range Comparison

Volatility

The most volatile month in 2011 was June, with a trading range of 0.0011 BAM (High: 0.0203 / Low: 0.0192). On the other end, February was the most stable month, with a tight range of 0.0004 BAM (High: 0.0191 / Low: 0.0187).

June Spread (Volatile) ±0.0011

February Spread (Stable) ±0.0004

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 June and July, when the average rate fell by 0.0005 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 0.0200) against the same month in 2010 (average: 0.0197), the exchange rate shifted by +0.0003 (+1.27%).

2011 Avg (May) 0.0200

2010 Avg (May) 0.0197

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0189	0.0184	0.0187
February	0.0191	0.0187	0.0190
March	0.0192	0.0188	0.0190
April	0.0198	0.0190	0.0194
May	0.0204	0.0196	0.0200
June	0.0203	0.0192	0.0197
July	0.0196	0.0188	0.0192
August	0.0195	0.0189	0.0192
September	0.0196	0.0191	0.0194
October	0.0198	0.0191	0.0195
November	0.0197	0.0187	0.0191
December	0.0194	0.0185	0.0190