2011 VEF to RSD Historical Review

YEARLY HIGH

19.1315 RSD

YEARLY LOW

15.4670 RSD

YEARLY AVERAGE

17.0227 RSD

2011 VEF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the VEF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 19.1315. Conversely, the yearly low was recorded on May 5, dropping to 15.4670.

This high-to-low spread represents a total annual volatility of 3.6645 RSD. From a start-to-finish perspective, comparing the January average rate of 18.2649 to the December average rate of 18.1993, the exchange rate registered a net change of -0.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 19.1315 was down 39.34% compared to the 2010 peak of 31.5375, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 95,657 RSD

2010 Average 92,542 RSD

Yearly Trough Low 77,335 RSD

Transaction Impact: A difference of 18,322.26 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

18.5023

15.6532

JanuMarcMayJulySeptNove

VEF 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 16.8791, compared to 17.1663 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2871 points.

H1 Avg (Jan–Jun) 16.8791

H2 Avg (Jul–Dec) 17.1663

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 1.5184 RSD (High: 19.1315 / Low: 17.6130). On the other end, February was the most stable month, with a tight range of 0.4467 RSD (High: 17.7937 / Low: 17.3469).

January Spread (Volatile) ±1.5184

February Spread (Stable) ±0.4467

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 0.8330 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.8330

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 18.2649) against the same month in 2010 (average: 20.8361), the exchange rate shifted by -2.5712 (-12.34%).

2011 Avg (January) 18.2649

2010 Avg (January) 20.8361

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.1315	17.6130	18.2649
February	17.7937	17.3469	17.5916
March	17.5574	16.8089	17.1339
April	16.9232	15.5671	16.3010
May	16.4134	15.4670	15.8907
June	16.6125	15.5557	16.0928
July	17.0836	16.0567	16.6037
August	16.8546	16.2524	16.5702
September	17.6776	16.3028	17.0148
October	17.8692	16.3883	17.0236
November	18.1145	16.9629	17.5860
December	19.0261	17.8087	18.1993