2012 GEL to ARS Historical Review

YEARLY HIGH

2.9668 ARS

YEARLY LOW

2.5754 ARS

YEARLY AVERAGE

2.7232 ARS

2012 GEL to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the GEL to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 2.9668. Conversely, the yearly low was recorded on January 1, dropping to 2.5754.

This high-to-low spread represents a total annual volatility of 0.3914 ARS. From a start-to-finish perspective, comparing the January average rate of 2.5870 to the December average rate of 2.9398, the exchange rate registered a net change of 13.64% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 2.9668 was up 14.42% compared to the 2011 peak of 2.5930, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,834 ARS

2011 Average 12,259 ARS

Yearly Trough Low 12,877 ARS

Transaction Impact: A difference of 1,957.21 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2.9750

2.5517

JanuMarcMayJulySeptNove

GEL to ARS 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 2.6689, compared to 2.7776 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1087 points.

H1 Avg (Jan–Jun) 2.6689

H2 Avg (Jul–Dec) 2.7776

Volatility Range Comparison

Volatility

The most volatile month in 2012 was October, with a trading range of 0.1562 ARS (High: 2.8707 / Low: 2.7145). On the other end, January was the most stable month, with a tight range of 0.0241 ARS (High: 2.5995 / Low: 2.5754).

October Spread (Volatile) ±0.1562

January Spread (Stable) ±0.0241

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0907 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0907

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2012: 2.9398) against the same month in 2011 (average: 2.5823), the exchange rate shifted by +0.3574 (+13.84%).

2012 Avg (December) 2.9398

2011 Avg (December) 2.5823

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5995	2.5754	2.5870
February	2.6804	2.5950	2.6220
March	2.6671	2.6052	2.6391
April	2.7117	2.6512	2.6876
May	2.7511	2.7081	2.7356
June	2.7608	2.6997	2.7420
July	2.7127	2.6241	2.6513
August	2.6806	2.6477	2.6685
September	2.7157	2.6808	2.7011
October	2.8707	2.7145	2.8204
November	2.9140	2.8690	2.8846
December	2.9668	2.9132	2.9398