2012 GEL to TOP Historical Review

YEARLY HIGH

1.1090 TOP

YEARLY LOW

0.9943 TOP

YEARLY AVERAGE

1.0413 TOP

2012 GEL to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the GEL to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 19, valuing the pair at 1.1090. Conversely, the yearly low was recorded on September 16, dropping to 0.9943.

This high-to-low spread represents a total annual volatility of 0.1147 TOP. From a start-to-finish perspective, comparing the January average rate of 1.0431 to the December average rate of 1.0484, the exchange rate registered a net change of 0.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 1.1090 was down 1.80% compared to the 2011 peak of 1.1293, 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 5,545 TOP

2011 Average 5,207 TOP

Yearly Trough Low 4,972 TOP

Transaction Impact: A difference of 573.35 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

1.1039

0.9995

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 1.0504, compared to 1.0322 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0182 points.

H1 Avg (Jan–Jun) 1.0504

H2 Avg (Jul–Dec) 1.0322

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.0771 TOP (High: 1.1090 / Low: 1.0319). On the other end, June was the most stable month, with a tight range of 0.0133 TOP (High: 1.1024 / Low: 1.0891).

May Spread (Volatile) ±0.0771

June Spread (Stable) ±0.0133

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0585 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0585

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2012: 1.0802) against the same month in 2011 (average: 1.0534), the exchange rate shifted by +0.0268 (+2.54%).

2012 Avg (May) 1.0802

2011 Avg (May) 1.0534

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0524	1.0198	1.0431
February	1.0400	1.0112	1.0209
March	1.0338	1.0057	1.0224
April	1.0483	1.0231	1.0406
May	1.1090	1.0319	1.0802
June	1.1024	1.0891	1.0952
July	1.0780	1.0096	1.0367
August	1.0230	1.0058	1.0145
September	1.0227	0.9943	1.0082
October	1.0571	0.9958	1.0398
November	1.0718	1.0240	1.0456
December	1.0636	1.0449	1.0484