2011 SAR to GEL Historical Review

YEARLY HIGH

0.4828 GEL

YEARLY LOW

0.4370 GEL

YEARLY AVERAGE

0.4496 GEL

2011 SAR to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SAR to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.4828. Conversely, the yearly low was recorded on April 28, dropping to 0.4370.

This high-to-low spread represents a total annual volatility of 0.0458 GEL. From a start-to-finish perspective, comparing the January average rate of 0.4790 to the December average rate of 0.4426, the exchange rate registered a net change of -7.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.4828 was down 6.10% compared to the 2010 peak of 0.5141, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,414 GEL

2010 Average 2,385 GEL

Yearly Trough Low 2,185 GEL

Transaction Impact: A difference of 229.06 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.4829

0.4360

JanuMarcMayJulySeptNove

SAR 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 0.4567, compared to 0.4424 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0144 points.

H1 Avg (Jan–Jun) 0.4567

H2 Avg (Jul–Dec) 0.4424

Volatility Range Comparison

Volatility

The most volatile month in 2011 was April, with a trading range of 0.0180 GEL (High: 0.4550 / Low: 0.4370). On the other end, September was the most stable month, with a tight range of 0.0025 GEL (High: 0.4439 / Low: 0.4415).

April Spread (Volatile) ±0.0180

September Spread (Stable) ±0.0025

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 0.0168 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0168

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 0.4790) against the same month in 2010 (average: 0.4563), the exchange rate shifted by +0.0227 (+4.98%).

2011 Avg (January) 0.4790

2010 Avg (January) 0.4563

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4828	0.4726	0.4790
February	0.4807	0.4642	0.4731
March	0.4615	0.4527	0.4563
April	0.4550	0.4370	0.4438
May	0.4514	0.4373	0.4470
June	0.4443	0.4376	0.4412
July	0.4487	0.4390	0.4441
August	0.4440	0.4379	0.4399
September	0.4439	0.4415	0.4431
October	0.4452	0.4408	0.4424
November	0.4435	0.4407	0.4421
December	0.4484	0.4409	0.4426