2012 RSD to BIF Historical Review

YEARLY HIGH

18.0097 BIF

YEARLY LOW

14.7818 BIF

YEARLY AVERAGE

15.9858 BIF

2012 RSD to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the RSD to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 18.0097. Conversely, the yearly low was recorded on June 3, dropping to 14.7818.

This high-to-low spread represents a total annual volatility of 3.2279 BIF. From a start-to-finish perspective, comparing the January average rate of 15.9634 to the December average rate of 17.6440, the exchange rate registered a net change of 10.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 18.0097 was down 2.19% compared to the 2011 peak of 18.4136, 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 90,049 BIF

2011 Average 82,936 BIF

Yearly Trough Low 73,909 BIF

Transaction Impact: A difference of 16,139.53 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

17.9017

14.8096

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 15.6483, compared to 16.3233 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6750 points.

H1 Avg (Jan–Jun) 15.6483

H2 Avg (Jul–Dec) 16.3233

Volatility Range Comparison

Volatility

The most volatile month in 2012 was September, with a trading range of 1.4900 BIF (High: 16.7953 / Low: 15.3053). On the other end, March was the most stable month, with a tight range of 0.4251 BIF (High: 15.6607 / Low: 15.2356).

September Spread (Volatile) ±1.4900

March Spread (Stable) ±0.4251

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.4756 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.4756

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2012: 17.6440) against the same month in 2011 (average: 16.4865), the exchange rate shifted by +1.1575 (+7.02%).

2012 Avg (December) 17.6440

2011 Avg (December) 16.4865

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	16.2989	15.6033	15.9634
February	16.2300	15.6771	15.9119
March	15.6607	15.2356	15.4910
April	16.3903	15.0674	15.5479
May	16.3105	14.9001	15.7257
June	15.5584	14.7818	15.2502
July	15.5590	14.8261	15.0672
August	15.4284	14.9136	15.1775
September	16.7953	15.3053	16.1290
October	17.3825	16.3774	16.9185
November	17.5551	16.6819	17.0037
December	18.0097	17.0972	17.6440