2011 TND to GEL Historical Review

YEARLY HIGH

1.2851 GEL

YEARLY LOW

1.1087 GEL

YEARLY AVERAGE

1.1989 GEL

2011 TND to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TND to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 31, valuing the pair at 1.2851. Conversely, the yearly low was recorded on December 15, dropping to 1.1087.

This high-to-low spread represents a total annual volatility of 0.1764 GEL. From a start-to-finish perspective, comparing the January average rate of 1.2520 to the December average rate of 1.1198, the exchange rate registered a net change of -10.56% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.2851 was down 2.22% compared to the 2010 peak of 1.3143, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,425 GEL

2010 Average 6,247 GEL

Yearly Trough Low 5,543 GEL

Transaction Impact: A difference of 882.03 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.2652

1.1065

JanuMarcMayJulySeptNove

TND 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 1.2284, compared to 1.1695 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0589 points.

H1 Avg (Jan–Jun) 1.2284

H2 Avg (Jul–Dec) 1.1695

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0766 GEL (High: 1.2851 / Low: 1.2085). On the other end, August was the most stable month, with a tight range of 0.0201 GEL (High: 1.2118 / Low: 1.1917).

January Spread (Volatile) ±0.0766

August Spread (Stable) ±0.0201

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 August and September, when the average rate fell by 0.0253 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0253

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2011: 1.2520) against the same month in 2010 (average: 1.2895), the exchange rate shifted by -0.0375 (-2.91%).

2011 Avg (January) 1.2520

2010 Avg (January) 1.2895

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2851	1.2085	1.2520
February	1.2793	1.2344	1.2516
March	1.2358	1.2069	1.2273
April	1.2278	1.1921	1.2153
May	1.2553	1.1943	1.2171
June	1.2217	1.1906	1.2068
July	1.2183	1.1961	1.2087
August	1.2118	1.1917	1.2005
September	1.2010	1.1564	1.1752
October	1.1969	1.1439	1.1681
November	1.1616	1.1246	1.1445
December	1.1346	1.1087	1.1198