2013 GEL to TOP Historical Review

YEARLY HIGH

1.1461 TOP

YEARLY LOW

1.0395 TOP

YEARLY AVERAGE

1.0762 TOP

2013 GEL to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the GEL to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 3, valuing the pair at 1.1461. Conversely, the yearly low was recorded on March 5, dropping to 1.0395.

This high-to-low spread represents a total annual volatility of 0.1066 TOP. From a start-to-finish perspective, comparing the January average rate of 1.0462 to the December average rate of 1.0722, the exchange rate registered a net change of 2.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 1.1461 was up 3.35% compared to the 2012 peak of 1.1090, 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 5,730 TOP

2012 Average 5,207 TOP

Yearly Trough Low 5,198 TOP

Transaction Impact: A difference of 532.82 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

1.1220

1.0374

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 1.0572, compared to 1.0952 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0380 points.

H1 Avg (Jan–Jun) 1.0572

H2 Avg (Jul–Dec) 1.0952

Volatility Range Comparison

Volatility

The most volatile month in 2013 was June, with a trading range of 0.0826 TOP (High: 1.1239 / Low: 1.0413). On the other end, February was the most stable month, with a tight range of 0.0091 TOP (High: 1.0504 / Low: 1.0414).

June Spread (Volatile) ±0.0826

February Spread (Stable) ±0.0091

Growth Streaks & Declines

Trends

Between April and July, 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 September and October, when the average rate fell by 0.0232 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0232

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2013: 1.1063) against the same month in 2012 (average: 1.0082), the exchange rate shifted by +0.0981 (+9.73%).

2013 Avg (September) 1.1063

2012 Avg (September) 1.0082

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0512	1.0398	1.0462
February	1.0504	1.0414	1.0445
March	1.0608	1.0395	1.0538
April	1.0586	1.0437	1.0533
May	1.0814	1.0545	1.0656
June	1.1239	1.0413	1.0798
July	1.1267	1.1067	1.1149
August	1.1204	1.1080	1.1146
September	1.1461	1.0823	1.1063
October	1.0931	1.0736	1.0831
November	1.0972	1.0668	1.0804
December	1.0973	1.0584	1.0722