2012 GEL to BBD Historical Review

YEARLY HIGH

1.2346 BBD

YEARLY LOW

1.1552 BBD

YEARLY AVERAGE

1.1983 BBD

2012 GEL to BBD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the GEL to BBD exchange rate experienced significant fluctuation. The market reached its absolute peak on May 14, valuing the pair at 1.2346. Conversely, the yearly low was recorded on October 4, dropping to 1.1552.

This high-to-low spread represents a total annual volatility of 0.0794 BBD. From a start-to-finish perspective, comparing the January average rate of 1.1980 to the December average rate of 1.2052, the exchange rate registered a net change of 0.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 1.2346 was up 1.14% compared to the 2011 peak of 1.2207, 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 6,173 BBD

2011 Average 5,938 BBD

Yearly Trough Low 5,776 BBD

Transaction Impact: A difference of 397.13 BBD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

1.2381

1.1499

JanuMarcMayJulySeptNove

GEL to BBD 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 1.2158, compared to 1.1808 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0350 points.

H1 Avg (Jan–Jun) 1.2158

H2 Avg (Jul–Dec) 1.1808

Volatility Range Comparison

Volatility

The most volatile month in 2012 was October, with a trading range of 0.0521 BBD (High: 1.2073 / Low: 1.1552). On the other end, September was the most stable month, with a tight range of 0.0033 BBD (High: 1.1587 / Low: 1.1554).

October Spread (Volatile) ±0.0521

September Spread (Stable) ±0.0033

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0583 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0583

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2012: 1.2307) against the same month in 2011 (average: 1.1932), the exchange rate shifted by +0.0375 (+3.14%).

2012 Avg (May) 1.2307

2011 Avg (May) 1.1932

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2011	1.1956	1.1980
February	1.2312	1.1977	1.2065
March	1.2207	1.1998	1.2120
April	1.2293	1.2134	1.2233
May	1.2346	1.2251	1.2307
June	1.2308	1.2166	1.2243
July	1.2012	1.1553	1.1660
August	1.1600	1.1565	1.1589
September	1.1587	1.1554	1.1572
October	1.2073	1.1552	1.1939
November	1.2068	1.1982	1.2035
December	1.2097	1.2014	1.2052