2011 GEL to RON Historical Review

YEARLY HIGH

2.0200 RON

YEARLY LOW

1.6460 RON

YEARLY AVERAGE

1.8096 RON

2011 GEL to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GEL to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 2.0200. Conversely, the yearly low was recorded on May 5, dropping to 1.6460.

This high-to-low spread represents a total annual volatility of 0.3741 RON. From a start-to-finish perspective, comparing the January average rate of 1.7772 to the December average rate of 1.9791, the exchange rate registered a net change of 11.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.0200 was up 3.75% compared to the 2010 peak of 1.9470, 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 10,100 RON

2010 Average 8,891 RON

Yearly Trough Low 8,230 RON

Transaction Impact: A difference of 1,870.34 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.0066

1.6772

JanuMarcMayJulySeptNove

GEL to RON 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 1.7408, compared to 1.8784 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1375 points.

H1 Avg (Jan–Jun) 1.7408

H2 Avg (Jul–Dec) 1.8784

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.1559 RON (High: 1.9454 / Low: 1.7895). On the other end, August was the most stable month, with a tight range of 0.0560 RON (High: 1.8326 / Low: 1.7766).

September Spread (Volatile) ±0.1559

August Spread (Stable) ±0.0560

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0323 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0323

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 1.9791) against the same month in 2010 (average: 1.8427), the exchange rate shifted by +0.1365 (+7.41%).

2011 Avg (December) 1.9791

2010 Avg (December) 1.8427

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8552	1.7194	1.7772
February	1.7793	1.7120	1.7537
March	1.7846	1.6929	1.7369
April	1.7384	1.6747	1.7047
May	1.7534	1.6460	1.7110
June	1.8219	1.7066	1.7615
July	1.8266	1.7362	1.7821
August	1.8326	1.7766	1.7989
September	1.9454	1.7895	1.8702
October	1.9625	1.8354	1.9002
November	1.9866	1.8976	1.9396
December	2.0200	1.9459	1.9791