2011 SZL to RSD Historical Review

YEARLY HIGH

12.0378 RSD

YEARLY LOW

8.8918 RSD

YEARLY AVERAGE

10.1340 RSD

2011 SZL to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SZL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 12.0378. Conversely, the yearly low was recorded on October 23, dropping to 8.8918.

This high-to-low spread represents a total annual volatility of 3.1460 RSD. From a start-to-finish perspective, comparing the January average rate of 11.3654 to the December average rate of 9.5513, the exchange rate registered a net change of -15.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 12.0378 was up 0.24% compared to the 2010 peak of 12.0094, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 60,189 RSD

2010 Average 53,158 RSD

Yearly Trough Low 44,459 RSD

Transaction Impact: A difference of 15,730.10 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

11.5764

9.0445

JanuMarcMayJulySeptNove

SZL 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 10.5164, compared to 9.7515 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7649 points.

H1 Avg (Jan–Jun) 10.5164

H2 Avg (Jul–Dec) 9.7515

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 1.4747 RSD (High: 12.0378 / Low: 10.5632). On the other end, February was the most stable month, with a tight range of 0.3341 RSD (High: 10.7229 / Low: 10.3888).

January Spread (Volatile) ±1.4747

February Spread (Stable) ±0.3341

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 January and February, when the average rate fell by 0.8419 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.8419

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 11.3654) against the same month in 2010 (average: 9.1054), the exchange rate shifted by +2.2600 (+24.82%).

2011 Avg (January) 11.3654

2010 Avg (January) 9.1054

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.0378	10.5632	11.3654
February	10.7229	10.3888	10.5235
March	10.8483	10.3659	10.6310
April	10.7480	10.0915	10.4040
May	10.2994	9.7572	9.9861
June	10.4627	9.8413	10.1884
July	10.7574	10.2207	10.5120
August	10.6406	9.7722	10.0611
September	10.1926	9.4695	9.8474
October	9.8063	8.8918	9.2555
November	9.5390	9.0074	9.2819
December	10.0919	9.2774	9.5513