2012 MAD to GEL Historical Review

YEARLY HIGH

0.2034 GEL

YEARLY LOW

0.1828 GEL

YEARLY AVERAGE

0.1934 GEL

2012 MAD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the MAD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 15, valuing the pair at 0.2034. Conversely, the yearly low was recorded on June 1, dropping to 0.1828.

This high-to-low spread represents a total annual volatility of 0.0206 GEL. From a start-to-finish perspective, comparing the January average rate of 0.1938 to the December average rate of 0.1954, the exchange rate registered a net change of 0.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.2034 was down 8.09% compared to the 2011 peak of 0.2213, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MAD based on timing:

Yearly Peak High 1,017 GEL

2011 Average 1,042 GEL

Yearly Trough Low 914 GEL

Transaction Impact: A difference of 103.12 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.2018

0.1839

JanuMarcMayJulySeptNove

MAD to GEL 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 0.1920, compared to 0.1948 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0029 points.

H1 Avg (Jan–Jun) 0.1920

H2 Avg (Jul–Dec) 0.1948

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.0101 GEL (High: 0.1930 / Low: 0.1830). On the other end, November was the most stable month, with a tight range of 0.0030 GEL (High: 0.1938 / Low: 0.1908).

May Spread (Volatile) ±0.0101

November Spread (Stable) ±0.0030

Growth Streaks & Declines

Trends

Between June and September, 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 April and May, when the average rate fell by 0.0053 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0053

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2012: 0.2003) against the same month in 2011 (average: 0.2036), the exchange rate shifted by -0.0033 (-1.60%).

2012 Avg (September) 0.2003

2011 Avg (September) 0.2036

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1971	0.1912	0.1938
February	0.1988	0.1928	0.1965
March	0.1975	0.1931	0.1953
April	0.1966	0.1920	0.1930
May	0.1930	0.1830	0.1877
June	0.1880	0.1828	0.1854
July	0.1934	0.1883	0.1916
August	0.1970	0.1922	0.1941
September	0.2034	0.1965	0.2003
October	0.2029	0.1928	0.1955
November	0.1938	0.1908	0.1921
December	0.1968	0.1936	0.1954