2011 GEL to BIF Historical Review

YEARLY HIGH

798.0906 BIF

YEARLY LOW

624.8784 BIF

YEARLY AVERAGE

718.5326 BIF

2011 GEL to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GEL to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 13, valuing the pair at 798.0906. Conversely, the yearly low was recorded on January 24, dropping to 624.8784.

This high-to-low spread represents a total annual volatility of 173.2122 BIF. From a start-to-finish perspective, comparing the January average rate of 631.8493 to the December average rate of 776.2424, the exchange rate registered a net change of 22.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 798.0906 was up 18.36% compared to the 2010 peak of 674.2638, 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 3,990,453 BIF

2010 Average 3,180,010 BIF

Yearly Trough Low 3,124,392 BIF

Transaction Impact: A difference of 866,060.89 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

790.6818

617.4100

JanuMarcMayJulySeptNove

GEL to BIF 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 689.9714, compared to 747.0937 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 57.1223 points.

H1 Avg (Jan–Jun) 689.9714

H2 Avg (Jul–Dec) 747.0937

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 84.4175 BIF (High: 749.3685 / Low: 664.9511). On the other end, September was the most stable month, with a tight range of 7.6111 BIF (High: 742.7939 / Low: 735.1828).

April Spread (Volatile) ±84.4175

September Spread (Stable) ±7.6111

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 August and September, when the average rate fell by 5.0896 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -5.0896

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 776.2424) against the same month in 2010 (average: 643.4553), the exchange rate shifted by +132.7871 (+20.64%).

2011 Avg (December) 776.2424

2010 Avg (December) 643.4553

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	642.7982	624.8784	631.8493
February	653.1238	629.9204	641.0687
March	670.7059	658.3449	664.2727
April	749.3685	664.9511	730.6746
May	747.4545	722.5323	730.9056
June	748.9373	733.0624	741.0577
July	743.4984	727.0077	736.5740
August	750.6215	739.8238	744.2702
September	742.7939	735.1828	739.1806
October	745.4441	734.8787	741.1866
November	767.4054	739.6034	745.1084
December	798.0906	740.9505	776.2424