2011 GEL to ETB Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2011.
2011 GEL to ETB Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2011
During 2011, the GEL to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 22, valuing the pair at 10.4390. Conversely, the yearly low was recorded on January 17, dropping to 7.0273.
This high-to-low spread represents a total annual volatility of 3.4117 ETB. From a start-to-finish perspective, comparing the January average rate of 7.0854 to the December average rate of 10.3919, the exchange rate registered a net change of 46.67% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2011 high of 10.4390 was up 44.16% compared to the 2010 peak of 7.2413, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 GEL based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2011.
GEL to ETB Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 8.6318, compared to 10.3161 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6842 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2011 was April, with a trading range of 2.8162 ETB (High: 10.3184 / Low: 7.5022). On the other end, September was the most stable month, with a tight range of 0.0392 ETB (High: 10.3101 / Low: 10.2709).
Growth Streaks & Declines
TrendsBetween 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 0.0484 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2011: 10.3919) against the same month in 2010 (average: 7.2036), the exchange rate shifted by +3.1883 (+44.26%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 7.1745 | 7.0273 | 7.0854 |
| February | 7.3375 | 7.0694 | 7.1895 |
| March | 7.5363 | 7.3772 | 7.4717 |
| April | 10.3184 | 7.5022 | 9.7840 |
| May | 10.2539 | 9.9392 | 10.0439 |
| June | 10.3137 | 10.1173 | 10.2164 |
| July | 10.3276 | 10.0848 | 10.1998 |
| August | 10.4105 | 10.2247 | 10.3362 |
| September | 10.3101 | 10.2709 | 10.2878 |
| October | 10.3590 | 10.2498 | 10.3189 |
| November | 10.4096 | 10.3124 | 10.3617 |
| December | 10.4390 | 10.2820 | 10.3919 |