2011 GEL to AFN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 GEL to AFN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the GEL to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on October 10, valuing the pair at 29.2315. Conversely, the yearly low was recorded on January 17, dropping to 23.7649.
This high-to-low spread represents a total annual volatility of 5.4665 AFN. From a start-to-finish perspective, comparing the January average rate of 23.9533 to the December average rate of 27.9831, the exchange rate registered a net change of 16.82% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2011 high of 29.2315 was up 1.67% compared to the 2010 peak of 28.7522, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
GEL to AFN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 25.1476, compared to 27.4251 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.2775 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was September, with a trading range of 3.2887 AFN (High: 29.1063 / Low: 25.8176). On the other end, October was the most stable month, with a tight range of 0.2833 AFN (High: 29.2315 / Low: 28.9482).
Growth Streaks & Declines
TrendsBetween January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 1.0583 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (October 2011: 29.1207) against the same month in 2010 (average: 24.1282), the exchange rate shifted by +4.9925 (+20.69%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.2765 | 23.7649 | 23.9533 |
| February | 24.7177 | 23.8689 | 24.2512 |
| March | 25.3295 | 24.8354 | 25.1509 |
| April | 26.2657 | 25.2024 | 25.8528 |
| May | 26.2206 | 25.4218 | 25.6668 |
| June | 26.2051 | 25.8093 | 26.0107 |
| July | 26.1206 | 25.5565 | 25.8302 |
| August | 26.1858 | 25.8330 | 26.0675 |
| September | 29.1063 | 25.8176 | 26.5080 |
| October | 29.2315 | 28.9482 | 29.1207 |
| November | 29.2187 | 27.5514 | 29.0414 |
| December | 29.2146 | 27.1246 | 27.9831 |