2012 SZL to RSD Historical Review

YEARLY HIGH

11.8238 RSD

YEARLY LOW

9.7450 RSD

YEARLY AVERAGE

10.7127 RSD

2012 SZL to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the SZL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 8, valuing the pair at 11.8238. Conversely, the yearly low was recorded on November 26, dropping to 9.7450.

This high-to-low spread represents a total annual volatility of 2.0788 RSD. From a start-to-finish perspective, comparing the January average rate of 10.1554 to the December average rate of 10.0157, the exchange rate registered a net change of -1.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 11.8238 was down 1.78% compared to the 2011 peak of 12.0378, 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 59,119 RSD

2011 Average 50,665 RSD

Yearly Trough Low 48,725 RSD

Transaction Impact: A difference of 10,394.10 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

11.6508

9.8512

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 10.7534, compared to 10.6720 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0814 points.

H1 Avg (Jan–Jun) 10.7534

H2 Avg (Jul–Dec) 10.6720

Volatility Range Comparison

Volatility

The most volatile month in 2012 was October, with a trading range of 0.9363 RSD (High: 10.7535 / Low: 9.8172). On the other end, April was the most stable month, with a tight range of 0.2845 RSD (High: 10.9245 / Low: 10.6400).

October Spread (Volatile) ±0.9363

April Spread (Stable) ±0.2845

Growth Streaks & Declines

Trends

Between April and August, 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 September and October, when the average rate fell by 0.7606 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.7606

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2012: 11.5008) against the same month in 2011 (average: 10.0611), the exchange rate shifted by +1.4397 (+14.31%).

2012 Avg (August) 11.5008

2011 Avg (August) 10.0611

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.3713	9.9980	10.1554
February	10.9689	10.4105	10.6746
March	11.1534	10.8591	11.0225
April	10.9245	10.6400	10.8216
May	11.1470	10.6254	10.8617
June	11.2293	10.7410	10.9849
July	11.7173	11.2089	11.4832
August	11.8238	11.1296	11.5008
September	11.2111	10.5432	10.8959
October	10.7535	9.8172	10.1353
November	10.2400	9.7450	10.0012
December	10.1614	9.8342	10.0157