2011 BND to GEL Historical Review

YEARLY HIGH

1.4164 GEL

YEARLY LOW

1.2648 GEL

YEARLY AVERAGE

1.3417 GEL

2011 BND to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BND to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on February 2, valuing the pair at 1.4164. Conversely, the yearly low was recorded on November 25, dropping to 1.2648.

This high-to-low spread represents a total annual volatility of 0.1517 GEL. From a start-to-finish perspective, comparing the January average rate of 1.3952 to the December average rate of 1.2816, the exchange rate registered a net change of -8.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.4164 was up 1.22% compared to the 2010 peak of 1.3994, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,082 GEL

2010 Average 6,564 GEL

Yearly Trough Low 6,324 GEL

Transaction Impact: A difference of 758.43 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.4065

1.2703

JanuMarcMayJulySeptNove

BND 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 1.3605, compared to 1.3228 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0376 points.

H1 Avg (Jan–Jun) 1.3605

H2 Avg (Jul–Dec) 1.3228

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.0818 GEL (High: 1.3786 / Low: 1.2968). On the other end, August was the most stable month, with a tight range of 0.0237 GEL (High: 1.3763 / Low: 1.3526).

September Spread (Volatile) ±0.0818

August Spread (Stable) ±0.0237

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 February and March, when the average rate fell by 0.0411 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0411

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2011: 1.3900) against the same month in 2010 (average: 1.2290), the exchange rate shifted by +0.1611 (+13.11%).

2011 Avg (February) 1.3900

2010 Avg (February) 1.2290

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4114	1.3687	1.3952
February	1.4164	1.3692	1.3900
March	1.3625	1.3335	1.3489
April	1.3507	1.3092	1.3343
May	1.3704	1.3390	1.3544
June	1.3534	1.3272	1.3400
July	1.3828	1.3519	1.3689
August	1.3763	1.3526	1.3638
September	1.3786	1.2968	1.3374
October	1.3276	1.2739	1.3004
November	1.3160	1.2648	1.2849
December	1.2962	1.2657	1.2816