2011 GEL to IRR Historical Review

YEARLY HIGH

7027.2933 IRR

YEARLY LOW

5501.0418 IRR

YEARLY AVERAGE

6247.3591 IRR

2011 GEL to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GEL to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on June 14, valuing the pair at 7027.2933. Conversely, the yearly low was recorded on November 18, dropping to 5501.0418.

This high-to-low spread represents a total annual volatility of 1526.2515 IRR. From a start-to-finish perspective, comparing the January average rate of 5775.7409 to the December average rate of 6513.8427, the exchange rate registered a net change of 12.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 7027.2933 was up 18.48% compared to the 2010 peak of 5931.2029, 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 35,136,467 IRR

2010 Average 28,173,059 IRR

Yearly Trough Low 27,505,209 IRR

Transaction Impact: A difference of 7,631,257.36 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

6679.1289

5693.6148

JanuMarcMayJulySeptNove

GEL to IRR 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 6135.1762, compared to 6359.5420 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 224.3659 points.

H1 Avg (Jan–Jun) 6135.1762

H2 Avg (Jul–Dec) 6359.5420

Volatility Range Comparison

Volatility

The most volatile month in 2011 was December, with a trading range of 1176.8986 IRR (High: 6680.3196 / Low: 5503.4210). On the other end, August was the most stable month, with a tight range of 100.2893 IRR (High: 6447.5013 / Low: 6347.2120).

December Spread (Volatile) ±1176.8986

August Spread (Stable) ±100.2893

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 October and November, when the average rate fell by 378.4082 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -378.4082

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2011: 6597.0028) against the same month in 2010 (average: 5395.0434), the exchange rate shifted by +1201.9594 (+22.28%).

2011 Avg (June) 6597.0028

2010 Avg (June) 5395.0434

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	5849.5855	5729.4389	5775.7409
February	5931.1656	5748.1858	5836.1696
March	6111.0853	5963.6439	6039.0594
April	6403.2935	6111.3719	6273.6816
May	6403.2935	6182.1233	6289.4027
June	7027.2933	6363.3595	6597.0028
July	6425.4665	6292.3970	6361.0078
August	6447.5013	6347.2120	6412.2894
September	6468.5053	6359.0663	6423.4073
October	6489.3466	6356.9685	6412.5566
November	6551.9549	5501.0418	6034.1483
December	6680.3196	5503.4210	6513.8427