2011 GEL to TRY Historical Review

YEARLY HIGH

1.1460 TRY

YEARLY LOW

0.8497 TRY

YEARLY AVERAGE

0.9979 TRY

2011 GEL to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GEL to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 19, valuing the pair at 1.1460. Conversely, the yearly low was recorded on January 18, dropping to 0.8497.

This high-to-low spread represents a total annual volatility of 0.2963 TRY. From a start-to-finish perspective, comparing the January average rate of 0.8723 to the December average rate of 1.1264, the exchange rate registered a net change of 29.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.1460 was up 26.83% compared to the 2010 peak of 0.9036, 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 TRY

2010 Average 4,217 TRY

Yearly Trough Low 4,249 TRY

Transaction Impact: A difference of 1,481.54 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.1518

0.8469

JanuMarcMayJulySeptNove

GEL to TRY 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 0.9188, compared to 1.0770 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1582 points.

H1 Avg (Jan–Jun) 0.9188

H2 Avg (Jul–Dec) 1.0770

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0873 TRY (High: 1.1385 / Low: 1.0512). On the other end, March was the most stable month, with a tight range of 0.0303 TRY (High: 0.9362 / Low: 0.9058).

October Spread (Volatile) ±0.0873

March Spread (Stable) ±0.0303

Growth Streaks & Declines

Trends

Between April and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0092 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0092

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 1.1264) against the same month in 2010 (average: 0.8643), the exchange rate shifted by +0.2621 (+30.33%).

2011 Avg (December) 1.1264

2010 Avg (December) 0.8643

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8916	0.8497	0.8723
February	0.9191	0.8770	0.8961
March	0.9362	0.9058	0.9229
April	0.9327	0.8966	0.9137
May	0.9634	0.9127	0.9398
June	0.9934	0.9482	0.9679
July	1.0382	0.9681	0.9944
August	1.0877	1.0158	1.0646
September	1.1187	1.0398	1.0805
October	1.1385	1.0512	1.1023
November	1.1354	1.0591	1.0937
December	1.1460	1.0967	1.1264