2011 BGN to GEL Historical Review

YEARLY HIGH

1.2822 GEL

YEARLY LOW

1.0992 GEL

YEARLY AVERAGE

1.1994 GEL

2011 BGN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BGN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 1.2822. Conversely, the yearly low was recorded on December 14, dropping to 1.0992.

This high-to-low spread represents a total annual volatility of 0.1830 GEL. From a start-to-finish perspective, comparing the January average rate of 1.2278 to the December average rate of 1.1179, the exchange rate registered a net change of -8.95% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.2822 was down 1.08% compared to the 2010 peak of 1.2962, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,411 GEL

2010 Average 6,059 GEL

Yearly Trough Low 5,496 GEL

Transaction Impact: A difference of 915.25 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.2498

1.1059

JanuMarcMayJulySeptNove

BGN 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 1.2279, compared to 1.1709 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0569 points.

H1 Avg (Jan–Jun) 1.2279

H2 Avg (Jul–Dec) 1.1709

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0938 GEL (High: 1.2689 / Low: 1.1751). On the other end, August was the most stable month, with a tight range of 0.0279 GEL (High: 1.2204 / Low: 1.1924).

January Spread (Volatile) ±0.0938

August Spread (Stable) ±0.0279

Growth Streaks & Declines

Trends

Between March and May, 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 August and September, when the average rate fell by 0.0378 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0378

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2011: 1.2305) against the same month in 2010 (average: 1.1840), the exchange rate shifted by +0.0465 (+3.93%).

2011 Avg (May) 1.2305

2010 Avg (May) 1.1840

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2689	1.1751	1.2278
February	1.2721	1.2204	1.2379
March	1.2386	1.2011	1.2245
April	1.2460	1.2019	1.2297
May	1.2822	1.2019	1.2305
June	1.2397	1.1895	1.2168
July	1.2340	1.1979	1.2159
August	1.2204	1.1924	1.2088
September	1.2095	1.1415	1.1710
October	1.2014	1.1248	1.1637
November	1.1732	1.1214	1.1483
December	1.1460	1.0992	1.1179