2011 GEL to BTN Historical Review

YEARLY HIGH

32.3947 BTN

YEARLY LOW

25.0257 BTN

YEARLY AVERAGE

27.6994 BTN

2011 GEL to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GEL to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 32.3947. Conversely, the yearly low was recorded on January 12, dropping to 25.0257.

This high-to-low spread represents a total annual volatility of 7.3691 BTN. From a start-to-finish perspective, comparing the January average rate of 25.2778 to the December average rate of 31.6100, the exchange rate registered a net change of 25.05% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 32.3947 was up 18.18% compared to the 2010 peak of 27.4107, 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 161,974 BTN

2010 Average 127,855 BTN

Yearly Trough Low 125,128 BTN

Transaction Impact: A difference of 36,845.27 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

32.2432

24.6446

JanuMarcMayJulySeptNove

GEL to BTN 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 26.2875, compared to 29.1113 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.8238 points.

H1 Avg (Jan–Jun) 26.2875

H2 Avg (Jul–Dec) 29.1113

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 2.2511 BTN (High: 29.8252 / Low: 27.5741). On the other end, July was the most stable month, with a tight range of 0.4520 BTN (High: 26.8960 / Low: 26.4440).

September Spread (Volatile) ±2.2511

July Spread (Stable) ±0.4520

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 June and July, when the average rate fell by 0.4463 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.4463

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 31.6100) against the same month in 2010 (average: 25.5719), the exchange rate shifted by +6.0381 (+23.61%).

2011 Avg (December) 31.6100

2010 Avg (December) 25.5719

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	25.6344	25.0257	25.2778
February	26.0121	25.2144	25.6124
March	26.5896	25.9840	26.2782
April	27.1156	26.1221	26.6751
May	27.1157	26.4531	26.7828
June	27.3689	26.8775	27.0987
July	26.8960	26.4440	26.6524
August	28.0629	26.6916	27.5093
September	29.8252	27.5741	28.6074
October	30.0754	29.3820	29.6734
November	31.6135	29.5153	30.6151
December	32.3947	30.7890	31.6100