2018 AZN to GEL Historical Review

YEARLY HIGH

1.5742 GEL

YEARLY LOW

1.4209 GEL

YEARLY AVERAGE

1.4620 GEL

2018 AZN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the AZN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 1.5742. Conversely, the yearly low was recorded on April 4, dropping to 1.4209.

This high-to-low spread represents a total annual volatility of 0.1533 GEL. From a start-to-finish perspective, comparing the January average rate of 1.5113 to the December average rate of 1.5639, the exchange rate registered a net change of 3.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 1.5742 was down 1.59% compared to the 2017 peak of 1.5996, 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 7,871 GEL

2017 Average 7,266 GEL

Yearly Trough Low 7,104 GEL

Transaction Impact: A difference of 766.44 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

1.5770

1.4192

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 1.4544, compared to 1.4697 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0154 points.

H1 Avg (Jan–Jun) 1.4544

H2 Avg (Jul–Dec) 1.4697

Volatility Range Comparison

Volatility

The most volatile month in 2018 was November, with a trading range of 0.1288 GEL (High: 1.5660 / Low: 1.4373). On the other end, July was the most stable month, with a tight range of 0.0035 GEL (High: 1.4393 / Low: 1.4357).

November Spread (Volatile) ±0.1288

July Spread (Stable) ±0.0035

Growth Streaks & Declines

Trends

Between April and June, 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 January and February, when the average rate fell by 0.0553 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0553

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 1.5639) against the same month in 2017 (average: 1.5462), the exchange rate shifted by +0.0177 (+1.14%).

2018 Avg (December) 1.5639

2017 Avg (December) 1.5462

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5301	1.4592	1.5113
February	1.4636	1.4462	1.4560
March	1.4596	1.4296	1.4431
April	1.4489	1.4209	1.4324
May	1.4563	1.4289	1.4414
June	1.4521	1.4358	1.4419
July	1.4393	1.4357	1.4376
August	1.4583	1.4373	1.4495
September	1.4608	1.4373	1.4429
October	1.4436	1.4373	1.4379
November	1.5660	1.4373	1.4865
December	1.5742	1.5555	1.5639