2011 RSD to VEF Historical Review

YEARLY HIGH

0.0647 VEF

YEARLY LOW

0.0523 VEF

YEARLY AVERAGE

0.0589 VEF

2011 RSD to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the RSD to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 0.0647. Conversely, the yearly low was recorded on January 10, dropping to 0.0523.

This high-to-low spread represents a total annual volatility of 0.0124 VEF. From a start-to-finish perspective, comparing the January average rate of 0.0548 to the December average rate of 0.0550, the exchange rate registered a net change of 0.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0647 was down 0.88% compared to the 2010 peak of 0.0652, 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 323 VEF

2010 Average 273 VEF

Yearly Trough Low 261 VEF

Transaction Impact: A difference of 61.92 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0638

0.0540

JanuMarcMayJulySeptNove

RSD to VEF 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 0.0594, compared to 0.0583 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.0594

H2 Avg (Jul–Dec) 0.0583

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.0051 VEF (High: 0.0642 / Low: 0.0591). On the other end, February was the most stable month, with a tight range of 0.0014 VEF (High: 0.0576 / Low: 0.0562).

April Spread (Volatile) ±0.0051

February Spread (Stable) ±0.0014

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 0.0019 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 0.0629) against the same month in 2010 (average: 0.0546), the exchange rate shifted by +0.0083 (+15.23%).

2011 Avg (May) 0.0629

2010 Avg (May) 0.0546

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0568	0.0523	0.0548
February	0.0576	0.0562	0.0568
March	0.0595	0.0570	0.0584
April	0.0642	0.0591	0.0614
May	0.0647	0.0609	0.0629
June	0.0643	0.0602	0.0622
July	0.0623	0.0585	0.0602
August	0.0615	0.0593	0.0604
September	0.0613	0.0566	0.0588
October	0.0610	0.0560	0.0588
November	0.0590	0.0552	0.0569
December	0.0562	0.0526	0.0550