2016 TMT to GEL Historical Review

YEARLY HIGH

2.7997 GEL

YEARLY LOW

2.1236 GEL

YEARLY AVERAGE

2.3643 GEL

2016 TMT to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TMT to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 2.7997. Conversely, the yearly low was recorded on June 7, dropping to 2.1236.

This high-to-low spread represents a total annual volatility of 0.6762 GEL. From a start-to-finish perspective, comparing the January average rate of 2.4362 to the December average rate of 2.6535, the exchange rate registered a net change of 8.92% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 2.7997 was up 13.94% compared to the 2015 peak of 2.4573, 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 13,999 GEL

2015 Average 11,034 GEL

Yearly Trough Low 10,618 GEL

Transaction Impact: A difference of 3,380.80 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

2.7007

2.1339

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 2.3207, compared to 2.4079 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0872 points.

H1 Avg (Jan–Jun) 2.3207

H2 Avg (Jul–Dec) 2.4079

Volatility Range Comparison

Volatility

The most volatile month in 2016 was December, with a trading range of 0.2458 GEL (High: 2.7997 / Low: 2.5539). On the other end, February was the most stable month, with a tight range of 0.0337 GEL (High: 2.4981 / Low: 2.4644).

December Spread (Volatile) ±0.2458

February Spread (Stable) ±0.0337

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 0.1186 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1186

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 2.6535) against the same month in 2015 (average: 2.3937), the exchange rate shifted by +0.2598 (+10.85%).

2016 Avg (December) 2.6535

2015 Avg (December) 2.3937

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4886	2.3987	2.4362
February	2.4981	2.4644	2.4826
March	2.4701	2.2875	2.3749
April	2.3001	2.2265	2.2563
May	2.2266	2.1399	2.1811
June	2.3582	2.1236	2.1932
July	2.3523	2.3138	2.3405
August	2.3535	2.2711	2.3175
September	2.3360	2.2877	2.3096
October	2.3862	2.3299	2.3547
November	2.5443	2.3930	2.4716
December	2.7997	2.5539	2.6535