2011 ZAR to RSD Historical Review

YEARLY HIGH

11.9881 RSD

YEARLY LOW

8.8991 RSD

YEARLY AVERAGE

10.1122 RSD

2011 ZAR to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ZAR to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 11.9881. Conversely, the yearly low was recorded on October 21, dropping to 8.8991.

This high-to-low spread represents a total annual volatility of 3.0890 RSD. From a start-to-finish perspective, comparing the January average rate of 11.3377 to the December average rate of 9.5549, the exchange rate registered a net change of -15.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 11.9881 was down 0.51% compared to the 2010 peak of 12.0500, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 ZAR based on timing:

Yearly Peak High 599,405 RSD

2010 Average 531,778 RSD

Yearly Trough Low 444,955 RSD

Transaction Impact: A difference of 154,449.77 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

11.5517

8.9838

JanuMarcMayJulySeptNove

ZAR 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 10.5096, compared to 9.7147 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7949 points.

H1 Avg (Jan–Jun) 10.5096

H2 Avg (Jul–Dec) 9.7147

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 1.3900 RSD (High: 11.9881 / Low: 10.5981). On the other end, February was the most stable month, with a tight range of 0.3957 RSD (High: 10.7383 / Low: 10.3425).

January Spread (Volatile) ±1.3900

February Spread (Stable) ±0.3957

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 0.8166 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.8166

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 11.3377) against the same month in 2010 (average: 9.0951), the exchange rate shifted by +2.2426 (+24.66%).

2011 Avg (January) 11.3377

2010 Avg (January) 9.0951

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.9881	10.5981	11.3377
February	10.7383	10.3425	10.5212
March	10.9137	10.3662	10.6473
April	10.8056	10.1468	10.4180
May	10.2648	9.7529	9.9562
June	10.5223	9.8504	10.1773
July	10.7355	10.2477	10.5183
August	10.6141	9.7488	10.0425
September	10.1146	8.9728	9.7034
October	9.5513	8.8991	9.1978
November	9.5504	8.9481	9.2716
December	10.0958	9.2691	9.5549