2012 VEF to RSD Historical Review

YEARLY HIGH

22.7676 RSD

YEARLY LOW

18.6148 RSD

YEARLY AVERAGE

20.4658 RSD

2012 VEF to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the VEF to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 25, valuing the pair at 22.7676. Conversely, the yearly low was recorded on February 2, dropping to 18.6148.

This high-to-low spread represents a total annual volatility of 4.1528 RSD. From a start-to-finish perspective, comparing the January average rate of 18.9429 to the December average rate of 20.1273, the exchange rate registered a net change of 6.25% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 22.7676 was up 19.01% compared to the 2011 peak of 19.1315, 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 113,838 RSD

2011 Average 85,105 RSD

Yearly Trough Low 93,074 RSD

Transaction Impact: A difference of 20,764.23 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

22.4751

18.6218

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 19.8805, compared to 21.0511 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1706 points.

H1 Avg (Jan–Jun) 19.8805

H2 Avg (Jul–Dec) 21.0511

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 2.4162 RSD (High: 22.0724 / Low: 19.6563). On the other end, March was the most stable month, with a tight range of 0.4304 RSD (High: 19.7792 / Low: 19.3488).

May Spread (Volatile) ±2.4162

March Spread (Stable) ±0.4304

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 1.1175 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -1.1175

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 22.0727) against the same month in 2011 (average: 16.6037), the exchange rate shifted by +5.4690 (+32.94%).

2012 Avg (July) 22.0727

2011 Avg (July) 16.6037

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.1971	18.7262	18.9429
February	19.2586	18.6148	19.0343
March	19.7792	19.3488	19.5136
April	19.8285	19.3869	19.7038
May	22.0724	19.6563	20.6275
June	22.0446	20.9941	21.4609
July	22.7676	21.2452	22.0727
August	22.6387	21.7944	22.1539
September	21.9177	20.4974	21.0364
October	20.8720	19.8588	20.4272
November	20.6853	20.0882	20.4891
December	20.5337	19.8706	20.1273