2011 AOA to GEL Historical Review

YEARLY HIGH

0.0195 GEL

YEARLY LOW

0.0174 GEL

YEARLY AVERAGE

0.0180 GEL

2011 AOA to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the AOA to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.0195. Conversely, the yearly low was recorded on November 24, dropping to 0.0174.

This high-to-low spread represents a total annual volatility of 0.0021 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0194 to the December average rate of 0.0175, the exchange rate registered a net change of -9.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0195 was down 5.93% compared to the 2010 peak of 0.0208, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 98 GEL

2010 Average 97 GEL

Yearly Trough Low 87 GEL

Transaction Impact: A difference of 10.70 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0196

0.0173

JanuMarcMayJulySeptNove

AOA 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 0.0184, compared to 0.0176 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0008 points.

H1 Avg (Jan–Jun) 0.0184

H2 Avg (Jul–Dec) 0.0176

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.0007 GEL (High: 0.0183 / Low: 0.0176). On the other end, November was the most stable month, with a tight range of 0.0001 GEL (High: 0.0175 / Low: 0.0174).

April Spread (Volatile) ±0.0007

November Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2011. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0007 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.0194) against the same month in 2010 (average: 0.0191), the exchange rate shifted by +0.0003 (+1.66%).

2011 Avg (January) 0.0194

2010 Avg (January) 0.0191

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0195	0.0191	0.0194
February	0.0194	0.0187	0.0191
March	0.0186	0.0182	0.0184
April	0.0183	0.0176	0.0179
May	0.0182	0.0176	0.0180
June	0.0179	0.0176	0.0178
July	0.0181	0.0177	0.0179
August	0.0179	0.0176	0.0177
September	0.0178	0.0176	0.0177
October	0.0177	0.0174	0.0175
November	0.0175	0.0174	0.0175
December	0.0177	0.0174	0.0175