2011 GEL to PEN Historical Review

YEARLY HIGH

1.7271 PEN

YEARLY LOW

1.5326 PEN

YEARLY AVERAGE

1.6352 PEN

2011 GEL to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GEL to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on April 28, valuing the pair at 1.7271. Conversely, the yearly low was recorded on January 27, dropping to 1.5326.

This high-to-low spread represents a total annual volatility of 0.1945 PEN. From a start-to-finish perspective, comparing the January average rate of 1.5526 to the December average rate of 1.6250, the exchange rate registered a net change of 4.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.7271 was down 2.72% compared to the 2010 peak of 1.7753, 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 8,635 PEN

2010 Average 8,407 PEN

Yearly Trough Low 7,663 PEN

Transaction Impact: A difference of 972.36 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.7061

1.5387

JanuMarcMayJulySeptNove

GEL to PEN 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 1.6266, compared to 1.6437 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0172 points.

H1 Avg (Jan–Jun) 1.6266

H2 Avg (Jul–Dec) 1.6437

Volatility Range Comparison

Volatility

The most volatile month in 2011 was May, with a trading range of 0.0899 PEN (High: 1.7264 / Low: 1.6365). On the other end, November was the most stable month, with a tight range of 0.0086 PEN (High: 1.6381 / Low: 1.6295).

May Spread (Volatile) ±0.0899

November Spread (Stable) ±0.0086

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.0345 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0345

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 1.6922) against the same month in 2010 (average: 1.7080), the exchange rate shifted by -0.0158 (-0.92%).

2011 Avg (April) 1.6922

2010 Avg (April) 1.7080

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.5833	1.5326	1.5526
February	1.5964	1.5352	1.5630
March	1.6484	1.6036	1.6237
April	1.7271	1.6450	1.6922
May	1.7264	1.6365	1.6576
June	1.6851	1.6531	1.6702
July	1.6632	1.6292	1.6462
August	1.6705	1.6477	1.6606
September	1.6684	1.6373	1.6505
October	1.6684	1.6317	1.6476
November	1.6381	1.6295	1.6325
December	1.6321	1.6043	1.6250