2011 BAM to GEL Historical Review

YEARLY HIGH

1.2815 GEL

YEARLY LOW

1.0986 GEL

YEARLY AVERAGE

1.1985 GEL

2011 BAM to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BAM to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 1.2815. Conversely, the yearly low was recorded on December 14, dropping to 1.0986.

This high-to-low spread represents a total annual volatility of 0.1829 GEL. From a start-to-finish perspective, comparing the January average rate of 1.2265 to the December average rate of 1.1177, the exchange rate registered a net change of -8.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.2815 was down 1.33% compared to the 2010 peak of 1.2988, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,408 GEL

2010 Average 6,054 GEL

Yearly Trough Low 5,493 GEL

Transaction Impact: A difference of 914.70 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.2487

1.1058

JanuMarcMayJulySeptNove

BAM 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 1.2267, compared to 1.1704 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0563 points.

H1 Avg (Jan–Jun) 1.2267

H2 Avg (Jul–Dec) 1.1704

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0936 GEL (High: 1.2660 / Low: 1.1724). On the other end, August was the most stable month, with a tight range of 0.0247 GEL (High: 1.2180 / Low: 1.1933).

January Spread (Volatile) ±0.0936

August Spread (Stable) ±0.0247

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 August and September, when the average rate fell by 0.0382 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0382

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 1.2279) against the same month in 2010 (average: 1.1827), the exchange rate shifted by +0.0452 (+3.82%).

2011 Avg (May) 1.2279

2010 Avg (May) 1.1827

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2660	1.1724	1.2265
February	1.2694	1.2202	1.2368
March	1.2351	1.2030	1.2242
April	1.2434	1.2011	1.2283
May	1.2815	1.2007	1.2279
June	1.2394	1.1928	1.2162
July	1.2330	1.1974	1.2154
August	1.2180	1.1933	1.2080
September	1.2134	1.1430	1.1698
October	1.1999	1.1284	1.1627
November	1.1698	1.1234	1.1485
December	1.1472	1.0986	1.1177