2016 AZN to GEL Historical Review

YEARLY HIGH

1.5913 GEL

YEARLY LOW

1.3830 GEL

YEARLY AVERAGE

1.4742 GEL

2016 AZN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the AZN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on February 23, valuing the pair at 1.5913. Conversely, the yearly low was recorded on September 4, dropping to 1.3830.

This high-to-low spread represents a total annual volatility of 0.2083 GEL. From a start-to-finish perspective, comparing the January average rate of 1.5380 to the December average rate of 1.4971, the exchange rate registered a net change of -2.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.5913 was down 31.69% compared to the 2015 peak of 2.3295, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,957 GEL

2015 Average 10,849 GEL

Yearly Trough Low 6,915 GEL

Transaction Impact: A difference of 1,041.57 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.5868

1.3885

JanuMarcMayJulySeptNove

AZN 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 1.4938, compared to 1.4545 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0393 points.

H1 Avg (Jan–Jun) 1.4938

H2 Avg (Jul–Dec) 1.4545

Volatility Range Comparison

Volatility

The most volatile month in 2016 was March, with a trading range of 0.1625 GEL (High: 1.5820 / Low: 1.4195). On the other end, November was the most stable month, with a tight range of 0.0290 GEL (High: 1.4610 / Low: 1.4320).

March Spread (Volatile) ±0.1625

November Spread (Stable) ±0.0290

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2016. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0990 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0990

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2016: 1.5703) against the same month in 2015 (average: 2.1315), the exchange rate shifted by -0.5612 (-26.33%).

2016 Avg (February) 1.5703

2015 Avg (February) 2.1315

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5554	1.5173	1.5380
February	1.5913	1.5418	1.5703
March	1.5820	1.4195	1.4713
April	1.5139	1.4687	1.4876
May	1.4798	1.4322	1.4535
June	1.5221	1.4019	1.4423
July	1.5096	1.4728	1.4941
August	1.4712	1.3843	1.4269
September	1.4352	1.3830	1.4050
October	1.4750	1.4335	1.4553
November	1.4610	1.4320	1.4487
December	1.5656	1.4618	1.4971