2011 RSD to CVE Historical Review

YEARLY HIGH

1.1479 CVE

YEARLY LOW

1.0371 CVE

YEARLY AVERAGE

1.0852 CVE

2011 RSD to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the RSD to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on May 23, valuing the pair at 1.1479. Conversely, the yearly low was recorded on January 4, dropping to 1.0371.

This high-to-low spread represents a total annual volatility of 0.1108 CVE. From a start-to-finish perspective, comparing the January average rate of 1.0517 to the December average rate of 1.0714, the exchange rate registered a net change of 1.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.1479 was down 0.25% compared to the 2010 peak of 1.1508, 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 5,740 CVE

2010 Average 5,370 CVE

Yearly Trough Low 5,186 CVE

Transaction Impact: A difference of 553.99 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.1325

1.0443

JanuMarcMayJulySeptNove

RSD to CVE 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 1.0859, compared to 1.0845 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 1.0859

H2 Avg (Jul–Dec) 1.0845

Volatility Range Comparison

Volatility

The most volatile month in 2011 was June, with a trading range of 0.0648 CVE (High: 1.1449 / Low: 1.0801). On the other end, March was the most stable month, with a tight range of 0.0227 CVE (High: 1.0816 / Low: 1.0590).

June Spread (Volatile) ±0.0648

March Spread (Stable) ±0.0227

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 0.0265 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0265

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 1.1252) against the same month in 2010 (average: 1.1122), the exchange rate shifted by +0.0130 (+1.17%).

2011 Avg (May) 1.1252

2010 Avg (May) 1.1122

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0621	1.0371	1.0517
February	1.0788	1.0556	1.0692
March	1.0816	1.0590	1.0704
April	1.1093	1.0728	1.0898
May	1.1479	1.1060	1.1252
June	1.1449	1.0801	1.1094
July	1.1056	1.0554	1.0829
August	1.0969	1.0603	1.0809
September	1.1058	1.0758	1.0949
October	1.1138	1.0800	1.0996
November	1.1107	1.0563	1.0774
December	1.0919	1.0443	1.0714