2011 RSD to CDF Historical Review

YEARLY HIGH

13.7735 CDF

YEARLY LOW

11.0764 CDF

YEARLY AVERAGE

12.4925 CDF

2011 RSD to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the RSD to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 13.7735. Conversely, the yearly low was recorded on January 11, dropping to 11.0764.

This high-to-low spread represents a total annual volatility of 2.6971 CDF. From a start-to-finish perspective, comparing the January average rate of 11.5594 to the December average rate of 11.5757, the exchange rate registered a net change of 0.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 13.7735 was up 2.36% compared to the 2010 peak of 13.4566, 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 68,868 CDF

2010 Average 57,866 CDF

Yearly Trough Low 55,382 CDF

Transaction Impact: A difference of 13,485.72 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

13.5605

11.3775

JanuMarcMayJulySeptNove

RSD to CDF 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 12.6023, compared to 12.3826 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2197 points.

H1 Avg (Jan–Jun) 12.6023

H2 Avg (Jul–Dec) 12.3826

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 1.1026 CDF (High: 13.5930 / Low: 12.4904). On the other end, February was the most stable month, with a tight range of 0.3473 CDF (High: 12.3133 / Low: 11.9659).

April Spread (Volatile) ±1.1026

February Spread (Stable) ±0.3473

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 0.4805 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.4805

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 13.3786) against the same month in 2010 (average: 11.4431), the exchange rate shifted by +1.9355 (+16.91%).

2011 Avg (May) 13.3786

2010 Avg (May) 11.4431

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.0493	11.0764	11.5594
February	12.3133	11.9659	12.1112
March	12.6429	12.1360	12.4060
April	13.5930	12.4904	13.0191
May	13.7735	12.9089	13.3786
June	13.6884	12.6907	13.1398
July	13.1700	12.4748	12.7899
August	13.1207	12.5118	12.8044
September	13.0939	12.0517	12.5361
October	13.0010	11.9876	12.5335
November	12.5541	11.6367	12.0562
December	11.8743	11.1144	11.5757