2012 GEL to VEF Historical Review

YEARLY HIGH

2.6515 VEF

YEARLY LOW

2.4785 VEF

YEARLY AVERAGE

2.5725 VEF

2012 GEL to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the GEL to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on May 12, valuing the pair at 2.6515. Conversely, the yearly low was recorded on October 5, dropping to 2.4785.

This high-to-low spread represents a total annual volatility of 0.1730 VEF. From a start-to-finish perspective, comparing the January average rate of 2.5724 to the December average rate of 2.5870, the exchange rate registered a net change of 0.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 2.6515 was up 1.12% compared to the 2011 peak of 2.6221, 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 13,258 VEF

2011 Average 12,755 VEF

Yearly Trough Low 12,392 VEF

Transaction Impact: A difference of 865.19 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2.6584

2.4680

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 2.6106, compared to 2.5345 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0761 points.

H1 Avg (Jan–Jun) 2.6106

H2 Avg (Jul–Dec) 2.5345

Volatility Range Comparison

Volatility

The most volatile month in 2012 was October, with a trading range of 0.1138 VEF (High: 2.5923 / Low: 2.4785). On the other end, August was the most stable month, with a tight range of 0.0085 VEF (High: 2.4902 / Low: 2.4817).

October Spread (Volatile) ±0.1138

August Spread (Stable) ±0.0085

Growth Streaks & Declines

Trends

Between January and May, 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 0.1257 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.1257

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2012: 2.6426) against the same month in 2011 (average: 2.5633), the exchange rate shifted by +0.0792 (+3.09%).

2012 Avg (May) 2.6426

2011 Avg (May) 2.5633

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5783	2.5666	2.5724
February	2.6430	2.5714	2.5906
March	2.6230	2.5756	2.6025
April	2.6407	2.6044	2.6266
May	2.6515	2.6295	2.6426
June	2.6418	2.6114	2.6288
July	2.5806	2.4791	2.5031
August	2.4902	2.4817	2.4871
September	2.4883	2.4794	2.4838
October	2.5923	2.4785	2.5624
November	2.5903	2.5718	2.5833
December	2.5978	2.5783	2.5870