2011 GEL to CVE Historical Review

YEARLY HIGH

51.3194 CVE

YEARLY LOW

43.9681 CVE

YEARLY AVERAGE

47.0605 CVE

2011 GEL to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GEL to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 51.3194. Conversely, the yearly low was recorded on May 5, dropping to 43.9681.

This high-to-low spread represents a total annual volatility of 7.3513 CVE. From a start-to-finish perspective, comparing the January average rate of 45.9483 to the December average rate of 50.4473, the exchange rate registered a net change of 9.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 51.3194 was up 1.52% compared to the 2010 peak of 50.5516, 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 256,597 CVE

2010 Average 232,811 CVE

Yearly Trough Low 219,840 CVE

Transaction Impact: A difference of 36,756.59 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

50.9370

45.0602

JanuMarcMayJulySeptNove

GEL to CVE 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 45.9260, compared to 48.1950 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.2690 points.

H1 Avg (Jan–Jun) 45.9260

H2 Avg (Jul–Dec) 48.1950

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 3.5471 CVE (High: 47.9776 / Low: 44.4305). On the other end, August was the most stable month, with a tight range of 1.0823 CVE (High: 47.2779 / Low: 46.1956).

January Spread (Volatile) ±3.5471

August Spread (Stable) ±1.0823

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 0.3983 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.3983

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 50.4473) against the same month in 2010 (average: 47.3238), the exchange rate shifted by +3.1234 (+6.60%).

2011 Avg (December) 50.4473

2010 Avg (December) 47.3238

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	47.9776	44.4305	45.9483
February	46.1965	44.3162	45.5500
March	46.9393	45.5181	46.0454
April	46.9076	45.2461	45.8481
May	46.9067	43.9681	45.8258
June	47.3967	45.4760	46.3383
July	47.0609	45.6851	46.3678
August	47.2779	46.1956	46.6384
September	49.3898	46.6129	48.1587
October	50.1229	46.9237	48.4633
November	50.1851	48.0530	49.0947
December	51.3194	49.1440	50.4473