2017 AZN to GEL Historical Review

YEARLY HIGH

1.5996 GEL

YEARLY LOW

1.3767 GEL

YEARLY AVERAGE

1.4531 GEL

2017 AZN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the AZN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 28, valuing the pair at 1.5996. Conversely, the yearly low was recorded on February 4, dropping to 1.3767.

This high-to-low spread represents a total annual volatility of 0.2230 GEL. From a start-to-finish perspective, comparing the January average rate of 1.4562 to the December average rate of 1.5462, the exchange rate registered a net change of 6.18% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2017 high of 1.5996 was up 0.52% compared to the 2016 peak of 1.5913, 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 7,998 GEL

2016 Average 7,370 GEL

Yearly Trough Low 6,883 GEL

Transaction Impact: A difference of 1,114.93 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

1.5593

1.4027

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 1.4356, compared to 1.4706 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0350 points.

H1 Avg (Jan–Jun) 1.4356

H2 Avg (Jul–Dec) 1.4706

Volatility Range Comparison

Volatility

The most volatile month in 2017 was January, with a trading range of 0.1412 GEL (High: 1.5255 / Low: 1.3843). On the other end, July was the most stable month, with a tight range of 0.0182 GEL (High: 1.4278 / Low: 1.4096).

January Spread (Volatile) ±0.1412

July Spread (Stable) ±0.0182

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0226 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0226

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2017: 1.5196) against the same month in 2016 (average: 1.4487), the exchange rate shifted by +0.0709 (+4.89%).

2017 Avg (November) 1.5196

2016 Avg (November) 1.4487

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5255	1.3843	1.4562
February	1.4897	1.3767	1.4433
March	1.4576	1.3774	1.4206
April	1.4730	1.4112	1.4313
May	1.4546	1.4168	1.4389
June	1.4382	1.4150	1.4233
July	1.4278	1.4096	1.4204
August	1.4289	1.4048	1.4158
September	1.4709	1.4331	1.4534
October	1.4985	1.4535	1.4680
November	1.5996	1.4618	1.5196
December	1.5958	1.4881	1.5462