2011 SYP to RSD Historical Review

YEARLY HIGH

1.7516 RSD

YEARLY LOW

1.3992 RSD

YEARLY AVERAGE

1.5225 RSD

2011 SYP to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SYP to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 1.7516. Conversely, the yearly low was recorded on May 5, dropping to 1.3992.

This high-to-low spread represents a total annual volatility of 0.3525 RSD. From a start-to-finish perspective, comparing the January average rate of 1.6777 to the December average rate of 1.5146, the exchange rate registered a net change of -9.72% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.7516 was down 4.49% compared to the 2010 peak of 1.8339, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,758 RSD

2010 Average 8,365 RSD

Yearly Trough Low 6,996 RSD

Transaction Impact: A difference of 1,762.28 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.7016

1.4150

JanuMarcMayJulySeptNove

SYP 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 1.5402, compared to 1.5048 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0354 points.

H1 Avg (Jan–Jun) 1.5402

H2 Avg (Jul–Dec) 1.5048

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.1259 RSD (High: 1.7516 / Low: 1.6257). On the other end, February was the most stable month, with a tight range of 0.0291 RSD (High: 1.6278 / Low: 1.5987).

January Spread (Volatile) ±0.1259

February Spread (Stable) ±0.0291

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1005 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 1.6777) against the same month in 2010 (average: 1.4885), the exchange rate shifted by +0.1891 (+12.71%).

2011 Avg (January) 1.6777

2010 Avg (January) 1.4885

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7516	1.6257	1.6777
February	1.6278	1.5987	1.6167
March	1.6146	1.5384	1.5756
April	1.5328	1.4092	1.4750
May	1.4840	1.3992	1.4389
June	1.5042	1.4089	1.4573
July	1.5446	1.4560	1.5033
August	1.5265	1.4718	1.5003
September	1.5745	1.4762	1.5183
October	1.5426	1.4320	1.4791
November	1.5537	1.4554	1.5134
December	1.5644	1.4787	1.5146