2011 GEL to BGN Historical Review

YEARLY HIGH

0.9098 BGN

YEARLY LOW

0.7799 BGN

YEARLY AVERAGE

0.8348 BGN

2011 GEL to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GEL to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 0.9098. Conversely, the yearly low was recorded on May 5, dropping to 0.7799.

This high-to-low spread represents a total annual volatility of 0.1299 BGN. From a start-to-finish perspective, comparing the January average rate of 0.8150 to the December average rate of 0.8947, the exchange rate registered a net change of 9.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.9098 was up 1.46% compared to the 2010 peak of 0.8967, 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 4,549 BGN

2010 Average 4,130 BGN

Yearly Trough Low 3,900 BGN

Transaction Impact: A difference of 649.41 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.9034

0.7993

JanuMarcMayJulySeptNove

GEL to BGN 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 0.8146, compared to 0.8549 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0403 points.

H1 Avg (Jan–Jun) 0.8146

H2 Avg (Jul–Dec) 0.8549

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0629 BGN (High: 0.8510 / Low: 0.7881). On the other end, August was the most stable month, with a tight range of 0.0192 BGN (High: 0.8386 / Low: 0.8194).

January Spread (Volatile) ±0.0629

August Spread (Stable) ±0.0192

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0071 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0071

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.8947) against the same month in 2010 (average: 0.8394), the exchange rate shifted by +0.0553 (+6.59%).

2011 Avg (December) 0.8947

2010 Avg (December) 0.8394

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8510	0.7881	0.8150
February	0.8194	0.7861	0.8080
March	0.8326	0.8074	0.8167
April	0.8320	0.8026	0.8133
May	0.8320	0.7799	0.8129
June	0.8407	0.8066	0.8219
July	0.8348	0.8104	0.8225
August	0.8386	0.8194	0.8273
September	0.8761	0.8268	0.8542
October	0.8891	0.8323	0.8596
November	0.8917	0.8524	0.8710
December	0.9098	0.8726	0.8947