2011 AFN to GEL Historical Review

YEARLY HIGH

0.0421 GEL

YEARLY LOW

0.0342 GEL

YEARLY AVERAGE

0.0382 GEL

2011 AFN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the AFN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0421. Conversely, the yearly low was recorded on October 10, dropping to 0.0342.

This high-to-low spread represents a total annual volatility of 0.0079 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0418 to the December average rate of 0.0358, the exchange rate registered a net change of -14.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0421 was down 0.99% compared to the 2010 peak of 0.0425, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 210 GEL

2010 Average 198 GEL

Yearly Trough Low 171 GEL

Transaction Impact: A difference of 39.35 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0425

0.0336

JanuMarcMayJulySeptNove

AFN to GEL 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 0.0398, compared to 0.0366 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0032 points.

H1 Avg (Jan–Jun) 0.0398

H2 Avg (Jul–Dec) 0.0366

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0044 GEL (High: 0.0387 / Low: 0.0344). On the other end, October was the most stable month, with a tight range of 0.0003 GEL (High: 0.0345 / Low: 0.0342).

September Spread (Volatile) ±0.0044

October Spread (Stable) ±0.0003

Growth Streaks & Declines

Trends

Between October and December, 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 September and October, when the average rate fell by 0.0035 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0035

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.0418) against the same month in 2010 (average: 0.0355), the exchange rate shifted by +0.0062 (+17.56%).

2011 Avg (January) 0.0418

2010 Avg (January) 0.0355

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0421	0.0412	0.0418
February	0.0419	0.0405	0.0412
March	0.0403	0.0395	0.0398
April	0.0397	0.0381	0.0387
May	0.0393	0.0381	0.0390
June	0.0387	0.0382	0.0384
July	0.0391	0.0383	0.0387
August	0.0387	0.0382	0.0384
September	0.0387	0.0344	0.0378
October	0.0345	0.0342	0.0343
November	0.0363	0.0342	0.0344
December	0.0369	0.0342	0.0358