2011 GEL to VEF Historical Review

YEARLY HIGH

2.6221 VEF

YEARLY LOW

2.3736 VEF

YEARLY AVERAGE

2.5503 VEF

2011 GEL to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the GEL to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 2.6221. Conversely, the yearly low was recorded on January 27, dropping to 2.3736.

This high-to-low spread represents a total annual volatility of 0.2484 VEF. From a start-to-finish perspective, comparing the January average rate of 2.3921 to the December average rate of 2.5875, the exchange rate registered a net change of 8.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.6221 was up 2.14% compared to the 2010 peak of 2.5671, 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 13,110 VEF

2010 Average 11,849 VEF

Yearly Trough Low 11,868 VEF

Transaction Impact: A difference of 1,242.21 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.6253

2.3709

JanuMarcMayJulySeptNove

GEL to VEF 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 2.5110, compared to 2.5896 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0786 points.

H1 Avg (Jan–Jun) 2.5110

H2 Avg (Jul–Dec) 2.5896

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.1050 VEF (High: 2.6221 / Low: 2.5171). On the other end, November was the most stable month, with a tight range of 0.0152 VEF (High: 2.5997 / Low: 2.5846).

April Spread (Volatile) ±0.1050

November Spread (Stable) ±0.0152

Growth Streaks & Declines

Trends

Between January and April, 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 August and September, when the average rate fell by 0.0189 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0189

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2011: 2.5817) against the same month in 2010 (average: 2.4421), the exchange rate shifted by +0.1396 (+5.72%).

2011 Avg (April) 2.5817

2010 Avg (April) 2.4421

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4264	2.3736	2.3921
February	2.4673	2.3825	2.4217
March	2.5298	2.4816	2.5107
April	2.6221	2.5171	2.5817
May	2.6221	2.5369	2.5633
June	2.6172	2.5777	2.5964
July	2.6090	2.5525	2.5795
August	2.6157	2.5793	2.6041
September	2.5971	2.5794	2.5853
October	2.6009	2.5725	2.5896
November	2.5997	2.5846	2.5915
December	2.5969	2.5528	2.5875