2011 RSD to BIF Historical Review

YEARLY HIGH

18.4136 BIF

YEARLY LOW

13.8632 BIF

YEARLY AVERAGE

16.5800 BIF

2011 RSD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the RSD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 18.4136. Conversely, the yearly low was recorded on January 11, dropping to 13.8632.

This high-to-low spread represents a total annual volatility of 4.5505 BIF. From a start-to-finish perspective, comparing the January average rate of 14.4695 to the December average rate of 16.4865, the exchange rate registered a net change of 13.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 18.4136 was up 7.47% compared to the 2010 peak of 17.1332, 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 92,068 BIF

2010 Average 73,434 BIF

Yearly Trough Low 69,316 BIF

Transaction Impact: A difference of 22,752.39 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

18.2959

14.1216

JanuMarcMayJulySeptNove

RSD to BIF 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 16.3378, compared to 16.8221 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4843 points.

H1 Avg (Jan–Jun) 16.3378

H2 Avg (Jul–Dec) 16.8221

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 2.7016 BIF (High: 18.3119 / Low: 15.6103). On the other end, February was the most stable month, with a tight range of 0.3688 BIF (High: 15.2612 / Low: 14.8925).

April Spread (Volatile) ±2.7016

February Spread (Stable) ±0.3688

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 0.5413 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.5413

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 17.9481) against the same month in 2010 (average: 14.4767), the exchange rate shifted by +3.4713 (+23.98%).

2011 Avg (May) 17.9481

2010 Avg (May) 14.4767

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.9766	13.8632	14.4695
February	15.2612	14.8925	15.0485
March	15.7139	15.1155	15.4431
April	18.3119	15.6103	17.3721
May	18.4136	17.4050	17.9481
June	18.4072	17.1781	17.7457
July	17.8226	16.6900	17.2044
August	17.6221	16.9596	17.2498
September	17.5678	16.2339	16.8122
October	17.4789	16.0597	16.8241
November	16.9308	15.8956	16.3556
December	17.0404	15.9031	16.4865