2012 AFN to GEL Historical Review

YEARLY HIGH

0.0366 GEL

YEARLY LOW

0.0314 GEL

YEARLY AVERAGE

0.0341 GEL

2012 AFN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the AFN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 0.0366. Conversely, the yearly low was recorded on November 15, dropping to 0.0314.

This high-to-low spread represents a total annual volatility of 0.0052 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0362 to the December average rate of 0.0322, the exchange rate registered a net change of -10.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.0366 was down 13.09% compared to the 2011 peak of 0.0421, 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 183 GEL

2011 Average 191 GEL

Yearly Trough Low 157 GEL

Transaction Impact: A difference of 26.08 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.0366

0.0314

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 0.0343, compared to 0.0338 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0343

H2 Avg (Jul–Dec) 0.0338

Volatility Range Comparison

Volatility

The most volatile month in 2012 was February, with a trading range of 0.0029 GEL (High: 0.0361 / Low: 0.0332). On the other end, August was the most stable month, with a tight range of 0.0002 GEL (High: 0.0358 / Low: 0.0356).

February Spread (Volatile) ±0.0029

August Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

Between May and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0025 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2012: 0.0362) against the same month in 2011 (average: 0.0418), the exchange rate shifted by -0.0056 (-13.32%).

2012 Avg (January) 0.0362

2011 Avg (January) 0.0418

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0366	0.0360	0.0362
February	0.0361	0.0332	0.0344
March	0.0345	0.0334	0.0341
April	0.0341	0.0336	0.0339
May	0.0338	0.0335	0.0336
June	0.0340	0.0337	0.0338
July	0.0359	0.0345	0.0355
August	0.0358	0.0356	0.0357
September	0.0359	0.0340	0.0351
October	0.0341	0.0320	0.0326
November	0.0321	0.0314	0.0318
December	0.0327	0.0319	0.0322