2011 GEL to BAM Historical Review

YEARLY HIGH

0.9103 BAM

YEARLY LOW

0.7803 BAM

YEARLY AVERAGE

0.8354 BAM

2011 GEL to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GEL to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 0.9103. Conversely, the yearly low was recorded on May 5, dropping to 0.7803.

This high-to-low spread represents a total annual volatility of 0.1299 BAM. From a start-to-finish perspective, comparing the January average rate of 0.8158 to the December average rate of 0.8949, the exchange rate registered a net change of 9.69% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.9103 was up 1.27% compared to the 2010 peak of 0.8989, 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 4,551 BAM

2010 Average 4,133 BAM

Yearly Trough Low 3,902 BAM

Transaction Impact: A difference of 649.70 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.9035

0.8000

JanuMarcMayJulySeptNove

GEL to BAM 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 0.8154, compared to 0.8553 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0399 points.

H1 Avg (Jan–Jun) 0.8154

H2 Avg (Jul–Dec) 0.8553

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0630 BAM (High: 0.8529 / Low: 0.7899). On the other end, August was the most stable month, with a tight range of 0.0170 BAM (High: 0.8380 / Low: 0.8210).

January Spread (Volatile) ±0.0630

August Spread (Stable) ±0.0170

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0072 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0072

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.8949) against the same month in 2010 (average: 0.8402), the exchange rate shifted by +0.0546 (+6.50%).

2011 Avg (December) 0.8949

2010 Avg (December) 0.8402

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8529	0.7899	0.8158
February	0.8196	0.7878	0.8086
March	0.8313	0.8097	0.8169
April	0.8326	0.8042	0.8142
May	0.8328	0.7803	0.8146
June	0.8384	0.8068	0.8223
July	0.8351	0.8111	0.8228
August	0.8380	0.8210	0.8279
September	0.8749	0.8241	0.8551
October	0.8862	0.8334	0.8603
November	0.8902	0.8549	0.8708
December	0.9103	0.8717	0.8949