2016 MAD to GEL Historical Review

YEARLY HIGH

0.2755 GEL

YEARLY LOW

0.2191 GEL

YEARLY AVERAGE

0.2411 GEL

2016 MAD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the MAD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 0.2755. Conversely, the yearly low was recorded on May 31, dropping to 0.2191.

This high-to-low spread represents a total annual volatility of 0.0564 GEL. From a start-to-finish perspective, comparing the January average rate of 0.2459 to the December average rate of 0.2623, the exchange rate registered a net change of 6.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.2755 was up 8.06% compared to the 2015 peak of 0.2550, 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 1,378 GEL

2015 Average 1,131 GEL

Yearly Trough Low 1,096 GEL

Transaction Impact: A difference of 281.81 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.2660

0.2218

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 0.2380, compared to 0.2441 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0060 points.

H1 Avg (Jan–Jun) 0.2380

H2 Avg (Jul–Dec) 0.2441

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.0213 GEL (High: 0.2407 / Low: 0.2193). On the other end, July was the most stable month, with a tight range of 0.0038 GEL (High: 0.2408 / Low: 0.2370).

June Spread (Volatile) ±0.0213

July Spread (Stable) ±0.0038

Growth Streaks & Declines

Trends

Between September and December, 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 February and March, when the average rate fell by 0.0106 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0106

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.2623) against the same month in 2015 (average: 0.2420), the exchange rate shifted by +0.0204 (+8.42%).

2016 Avg (December) 0.2623

2015 Avg (December) 0.2420

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2509	0.2419	0.2459
February	0.2588	0.2493	0.2540
March	0.2513	0.2358	0.2434
April	0.2387	0.2301	0.2337
May	0.2330	0.2191	0.2255
June	0.2407	0.2193	0.2259
July	0.2408	0.2370	0.2387
August	0.2411	0.2352	0.2382
September	0.2405	0.2346	0.2376
October	0.2420	0.2381	0.2397
November	0.2525	0.2433	0.2480
December	0.2755	0.2545	0.2623