2016 SAR to GEL Historical Review

YEARLY HIGH

0.7464 GEL

YEARLY LOW

0.5662 GEL

YEARLY AVERAGE

0.6304 GEL

2016 SAR to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the SAR to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 0.7464. Conversely, the yearly low was recorded on June 7, dropping to 0.5662.

This high-to-low spread represents a total annual volatility of 0.1802 GEL. From a start-to-finish perspective, comparing the January average rate of 0.6493 to the December average rate of 0.7073, the exchange rate registered a net change of 8.94% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.7464 was up 13.91% compared to the 2015 peak of 0.6553, 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 3,732 GEL

2015 Average 2,942 GEL

Yearly Trough Low 2,831 GEL

Transaction Impact: A difference of 901.16 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.7199

0.5690

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 0.6188, compared to 0.6420 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0232 points.

H1 Avg (Jan–Jun) 0.6188

H2 Avg (Jul–Dec) 0.6420

Volatility Range Comparison

Volatility

The most volatile month in 2016 was December, with a trading range of 0.0657 GEL (High: 0.7464 / Low: 0.6807). On the other end, February was the most stable month, with a tight range of 0.0089 GEL (High: 0.6661 / Low: 0.6572).

December Spread (Volatile) ±0.0657

February Spread (Stable) ±0.0089

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 March and April, when the average rate fell by 0.0316 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0316

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.7073) against the same month in 2015 (average: 0.6380), the exchange rate shifted by +0.0693 (+10.86%).

2016 Avg (December) 0.7073

2015 Avg (December) 0.6380

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6635	0.6388	0.6493
February	0.6661	0.6572	0.6620
March	0.6586	0.6100	0.6333
April	0.6134	0.5936	0.6017
May	0.5936	0.5706	0.5815
June	0.6287	0.5662	0.5848
July	0.6272	0.6169	0.6240
August	0.6276	0.6054	0.6180
September	0.6228	0.6100	0.6157
October	0.6363	0.6212	0.6278
November	0.6782	0.6381	0.6589
December	0.7464	0.6807	0.7073