2011 GEL to AZN Historical Review

YEARLY HIGH

0.4827 AZN

YEARLY LOW

0.4401 AZN

YEARLY AVERAGE

0.4684 AZN

2011 GEL to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GEL to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 28, valuing the pair at 0.4827. Conversely, the yearly low was recorded on January 31, dropping to 0.4401.

This high-to-low spread represents a total annual volatility of 0.0426 AZN. From a start-to-finish perspective, comparing the January average rate of 0.4437 to the December average rate of 0.4735, the exchange rate registered a net change of 6.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.4827 was up 1.79% compared to the 2010 peak of 0.4742, 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 2,414 AZN

2010 Average 2,255 AZN

Yearly Trough Low 2,200 AZN

Transaction Impact: A difference of 213.20 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.4797

0.4404

JanuMarcMayJulySeptNove

GEL to AZN 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 0.4630, compared to 0.4738 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0109 points.

H1 Avg (Jan–Jun) 0.4630

H2 Avg (Jul–Dec) 0.4738

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.0185 AZN (High: 0.4827 / Low: 0.4642). On the other end, November was the most stable month, with a tight range of 0.0022 AZN (High: 0.4753 / Low: 0.4731).

April Spread (Volatile) ±0.0185

November Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between 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 April and May, when the average rate fell by 0.0043 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 0.4756) against the same month in 2010 (average: 0.4598), the exchange rate shifted by +0.0159 (+3.45%).

2011 Avg (April) 0.4756

2010 Avg (April) 0.4598

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4499	0.4401	0.4437
February	0.4559	0.4414	0.4480
March	0.4670	0.4585	0.4634
April	0.4827	0.4642	0.4756
May	0.4824	0.4670	0.4713
June	0.4795	0.4720	0.4760
July	0.4774	0.4671	0.4720
August	0.4781	0.4721	0.4764
September	0.4747	0.4720	0.4730
October	0.4757	0.4711	0.4739
November	0.4753	0.4731	0.4742
December	0.4752	0.4673	0.4735