2011 BIF to GEL Historical Review

YEARLY HIGH

0.0016 GEL

YEARLY LOW

0.0013 GEL

YEARLY AVERAGE

0.0014 GEL

2011 BIF to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BIF to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 0.0016. Conversely, the yearly low was recorded on December 13, dropping to 0.0013.

This high-to-low spread represents a total annual volatility of 0.0003 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0016 to the December average rate of 0.0013, the exchange rate registered a net change of -18.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0016 was down 5.51% compared to the 2010 peak of 0.0017, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8 GEL

2010 Average 8 GEL

Yearly Trough Low 6 GEL

Transaction Impact: A difference of 1.74 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0016

0.0013

JanuMarcMayJulySeptNove

BIF 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 0.0015, compared to 0.0013 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0015

H2 Avg (Jul–Dec) 0.0013

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.0002 GEL (High: 0.0015 / Low: 0.0013). On the other end, September was the most stable month, with a tight range of 0.0000 GEL (High: 0.0014 / Low: 0.0013).

April Spread (Volatile) ±0.0002

September Spread (Stable) ±0.0000

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 March and April, when the average rate fell by 0.0001 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.0016) against the same month in 2010 (average: 0.0015), the exchange rate shifted by +0.0001 (+5.51%).

2011 Avg (January) 0.0016

2010 Avg (January) 0.0015

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0016	0.0016	0.0016
February	0.0016	0.0015	0.0016
March	0.0015	0.0015	0.0015
April	0.0015	0.0013	0.0014
May	0.0014	0.0013	0.0014
June	0.0014	0.0013	0.0013
July	0.0014	0.0013	0.0014
August	0.0014	0.0013	0.0013
September	0.0014	0.0013	0.0014
October	0.0014	0.0013	0.0013
November	0.0014	0.0013	0.0013
December	0.0013	0.0013	0.0013