2016 GEL to TOP Historical Review

YEARLY HIGH

1.0684 TOP

YEARLY LOW

0.8189 TOP

YEARLY AVERAGE

0.9552 TOP

2016 GEL to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the GEL to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on June 1, valuing the pair at 1.0684. Conversely, the yearly low was recorded on December 21, dropping to 0.8189.

This high-to-low spread represents a total annual volatility of 0.2495 TOP. From a start-to-finish perspective, comparing the January average rate of 0.9259 to the December average rate of 0.8590, the exchange rate registered a net change of -7.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.0684 was down 7.53% compared to the 2015 peak of 1.1555, 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 5,342 TOP

2015 Average 4,849 TOP

Yearly Trough Low 4,095 TOP

Transaction Impact: A difference of 1,247.46 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.0500

0.8416

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 0.9729, compared to 0.9375 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0354 points.

H1 Avg (Jan–Jun) 0.9729

H2 Avg (Jul–Dec) 0.9375

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.1265 TOP (High: 1.0684 / Low: 0.9420). On the other end, January was the most stable month, with a tight range of 0.0176 TOP (High: 0.9329 / Low: 0.9153).

June Spread (Volatile) ±0.1265

January Spread (Stable) ±0.0176

Growth Streaks & Declines

Trends

Between February and May, 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 June and July, when the average rate fell by 0.0571 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0571

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2016: 1.0248) against the same month in 2015 (average: 0.9255), the exchange rate shifted by +0.0993 (+10.73%).

2016 Avg (June) 1.0248

2015 Avg (June) 0.9255

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9329	0.9153	0.9259
February	0.9406	0.9003	0.9168
March	0.9815	0.9161	0.9494
April	1.0023	0.9724	0.9879
May	1.0633	0.9994	1.0327
June	1.0684	0.9420	1.0248
July	0.9781	0.9552	0.9677
August	0.9949	0.9556	0.9747
September	0.9864	0.9626	0.9738
October	0.9637	0.9278	0.9438
November	0.9423	0.8838	0.9061
December	0.8825	0.8189	0.8590