2011 NGN to GEL Historical Review

YEARLY HIGH

0.0119 GEL

YEARLY LOW

0.0101 GEL

YEARLY AVERAGE

0.0108 GEL

2011 NGN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the NGN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 0.0119. Conversely, the yearly low was recorded on October 10, dropping to 0.0101.

This high-to-low spread represents a total annual volatility of 0.0018 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0118 to the December average rate of 0.0102, the exchange rate registered a net change of -13.18% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0119 was down 6.63% compared to the 2010 peak of 0.0127, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 11,903 GEL

2010 Average 11,836 GEL

Yearly Trough Low 10,075 GEL

Transaction Impact: A difference of 1,828.10 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0119

0.0101

JanuMarcMayJulySeptNove

NGN 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 0.0111, compared to 0.0106 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0111

H2 Avg (Jul–Dec) 0.0106

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0005 GEL (High: 0.0111 / Low: 0.0106). On the other end, December was the most stable month, with a tight range of 0.0002 GEL (High: 0.0103 / Low: 0.0101).

August Spread (Volatile) ±0.0005

December Spread (Stable) ±0.0002

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2011. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0006 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.0118) against the same month in 2010 (average: 0.0114), the exchange rate shifted by +0.0004 (+3.53%).

2011 Avg (January) 0.0118

2010 Avg (January) 0.0114

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0119	0.0116	0.0118
February	0.0118	0.0113	0.0116
March	0.0113	0.0109	0.0110
April	0.0110	0.0106	0.0108
May	0.0109	0.0106	0.0107
June	0.0109	0.0105	0.0106
July	0.0111	0.0108	0.0109
August	0.0111	0.0106	0.0107
September	0.0107	0.0104	0.0106
October	0.0106	0.0101	0.0104
November	0.0105	0.0103	0.0104
December	0.0103	0.0101	0.0102