2010 GEL to TOP Historical Review

YEARLY HIGH

1.1418 TOP

YEARLY LOW

1.0181 TOP

YEARLY AVERAGE

1.0779 TOP

2010 GEL to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2010

During 2010, the GEL to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 16, valuing the pair at 1.1418. Conversely, the yearly low was recorded on June 21, dropping to 1.0181.

This high-to-low spread represents a total annual volatility of 0.1237 TOP. From a start-to-finish perspective, comparing the January average rate of 1.1114 to the December average rate of 1.0624, the exchange rate registered a net change of -4.40% (reflecting a weakening trend).

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 GEL based on timing:

Yearly Peak High 5,709 TOP

Yearly Average 5,389 TOP

Yearly Trough Low 5,090 TOP

Transaction Impact: A difference of 618.63 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2010.

1.1191

1.0470

JanuMarcMayJulySeptNove

GEL to TOP 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 1.0963, compared to 1.0594 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0369 points.

H1 Avg (Jan–Jun) 1.0963

H2 Avg (Jul–Dec) 1.0594

Volatility Range Comparison

Volatility

The most volatile month in 2010 was May, with a trading range of 0.0920 TOP (High: 1.1141 / Low: 1.0221). On the other end, September was the most stable month, with a tight range of 0.0200 TOP (High: 1.0671 / Low: 1.0471).

May Spread (Volatile) ±0.0920

September Spread (Stable) ±0.0200

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2010. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0177 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0177

Same-Month Historical Baseline

YoY Baseline

Historical data for the previous year (2009) is currently unavailable. Strongest month average for February 2010 is 1.1131.

2010 Avg (February) 1.1131

Baseline Avg N/A

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1397	1.0862	1.1114
February	1.1418	1.0782	1.1131
March	1.1298	1.0785	1.1128
April	1.1133	1.0853	1.0951
May	1.1141	1.0221	1.0813
June	1.1059	1.0181	1.0644
July	1.0724	1.0501	1.0615
August	1.0714	1.0218	1.0530
September	1.0671	1.0471	1.0611
October	1.0762	1.0414	1.0598
November	1.0940	1.0434	1.0586
December	1.0754	1.0401	1.0624