2012 TMT to GEL Historical Review

YEARLY HIGH

1.7314 GEL

YEARLY LOW

1.6200 GEL

YEARLY AVERAGE

1.6698 GEL

2012 TMT to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the TMT to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on October 4, valuing the pair at 1.7314. Conversely, the yearly low was recorded on May 14, dropping to 1.6200.

This high-to-low spread represents a total annual volatility of 0.1114 GEL. From a start-to-finish perspective, comparing the January average rate of 1.6694 to the December average rate of 1.6595, the exchange rate registered a net change of -0.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 1.7314 was down 4.37% compared to the 2011 peak of 1.8104, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,657 GEL

2011 Average 8,428 GEL

Yearly Trough Low 8,100 GEL

Transaction Impact: A difference of 556.93 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

1.7386

1.6148

JanuMarcMayJulySeptNove

TMT 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 1.6452, compared to 1.6944 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0493 points.

H1 Avg (Jan–Jun) 1.6452

H2 Avg (Jul–Dec) 1.6944

Volatility Range Comparison

Volatility

The most volatile month in 2012 was October, with a trading range of 0.0747 GEL (High: 1.7314 / Low: 1.6566). On the other end, September was the most stable month, with a tight range of 0.0050 GEL (High: 1.7310 / Low: 1.7260).

October Spread (Volatile) ±0.0747

September Spread (Stable) ±0.0050

Growth Streaks & Declines

Trends

Between May and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0525 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0525

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2012: 1.6758) against the same month in 2011 (average: 1.6592), the exchange rate shifted by +0.0166 (+1.00%).

2012 Avg (October) 1.6758

2011 Avg (October) 1.6592

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6728	1.6652	1.6694
February	1.6699	1.6245	1.6578
March	1.6670	1.6384	1.6502
April	1.6483	1.6270	1.6350
May	1.6325	1.6200	1.6251
June	1.6439	1.6249	1.6336
July	1.7312	1.6651	1.7155
August	1.7293	1.7241	1.7258
September	1.7310	1.7260	1.7283
October	1.7314	1.6566	1.6758
November	1.6691	1.6573	1.6618
December	1.6647	1.6534	1.6595