2011 SAR to RSD Historical Review

YEARLY HIGH

21.9108 RSD

YEARLY LOW

17.7129 RSD

YEARLY AVERAGE

19.5011 RSD

2011 SAR to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SAR to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 21.9108. Conversely, the yearly low was recorded on May 5, dropping to 17.7129.

This high-to-low spread represents a total annual volatility of 4.1979 RSD. From a start-to-finish perspective, comparing the January average rate of 20.9274 to the December average rate of 20.8433, the exchange rate registered a net change of -0.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 21.9108 was down 5.03% compared to the 2010 peak of 23.0716, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SAR based on timing:

Yearly Peak High 109,554 RSD

2010 Average 103,579 RSD

Yearly Trough Low 88,565 RSD

Transaction Impact: A difference of 20,989.38 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

21.1995

17.9341

JanuMarcMayJulySeptNove

SAR to RSD 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 19.3377, compared to 19.6645 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3268 points.

H1 Avg (Jan–Jun) 19.3377

H2 Avg (Jul–Dec) 19.6645

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 1.7147 RSD (High: 21.9108 / Low: 20.1961). On the other end, February was the most stable month, with a tight range of 0.5117 RSD (High: 20.3773 / Low: 19.8656).

January Spread (Volatile) ±1.7147

February Spread (Stable) ±0.5117

Growth Streaks & Declines

Trends

Between August and December, 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 March and April, when the average rate fell by 0.9529 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.9529

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 20.9274) against the same month in 2010 (average: 18.1148), the exchange rate shifted by +2.8126 (+15.53%).

2011 Avg (January) 20.9274

2010 Avg (January) 18.1148

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	21.9108	20.1961	20.9274
February	20.3773	19.8656	20.1540
March	20.1064	19.2496	19.6280
April	19.3809	17.8504	18.6750
May	18.7967	17.7129	18.2062
June	19.0247	17.8149	18.4356
July	19.5642	18.4111	19.0197
August	19.3020	18.5782	18.9814
September	20.2431	18.6696	19.4918
October	20.4635	18.7909	19.5037
November	20.7423	19.4258	20.1470
December	21.7820	20.3941	20.8433