2012 TOP to RSD Historical Review

YEARLY HIGH

55.7182 RSD

YEARLY LOW

46.2235 RSD

YEARLY AVERAGE

50.5402 RSD

2012 TOP to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the TOP to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 2, valuing the pair at 55.7182. Conversely, the yearly low was recorded on January 22, dropping to 46.2235.

This high-to-low spread represents a total annual volatility of 9.4948 RSD. From a start-to-finish perspective, comparing the January average rate of 46.7196 to the December average rate of 49.6638, the exchange rate registered a net change of 6.30% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 55.7182 was up 19.62% compared to the 2011 peak of 46.5795, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 278,591 RSD

2011 Average 208,548 RSD

Yearly Trough Low 231,117 RSD

Transaction Impact: A difference of 47,473.83 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

55.0735

45.9601

JanuMarcMayJulySeptNove

TOP 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 49.3998, compared to 51.6806 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.2808 points.

H1 Avg (Jan–Jun) 49.3998

H2 Avg (Jul–Dec) 51.6806

Volatility Range Comparison

Volatility

The most volatile month in 2012 was July, with a trading range of 4.2144 RSD (High: 55.3993 / Low: 51.1849). On the other end, April was the most stable month, with a tight range of 0.8019 RSD (High: 50.0760 / Low: 49.2741).

July Spread (Volatile) ±4.2144

April Spread (Stable) ±0.8019

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 2.4905 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -2.4905

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2012: 54.3141) against the same month in 2011 (average: 43.4663), the exchange rate shifted by +10.8477 (+24.96%).

2012 Avg (August) 54.3141

2011 Avg (August) 43.4663

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	47.3189	46.2235	46.7196
February	49.1749	47.2534	48.3010
March	50.5594	49.1808	49.6736
April	50.0760	49.2741	49.7351
May	52.7648	49.2615	50.4596
June	52.6732	50.6106	51.5102
July	55.3993	51.1849	53.3052
August	55.7182	53.4061	54.3141
September	53.6662	50.4949	51.8235
October	52.0014	49.0545	50.3440
November	51.7595	48.7132	50.6332
December	50.5866	49.2248	49.6638