2012 TOP to GEL Historical Review

YEARLY HIGH

1.0057 GEL

YEARLY LOW

0.9017 GEL

YEARLY AVERAGE

0.9610 GEL

2012 TOP to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the TOP to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 14, valuing the pair at 1.0057. Conversely, the yearly low was recorded on May 20, dropping to 0.9017.

This high-to-low spread represents a total annual volatility of 0.1040 GEL. From a start-to-finish perspective, comparing the January average rate of 0.9588 to the December average rate of 0.9538, the exchange rate registered a net change of -0.52% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 1.0057 was down 2.17% compared to the 2011 peak of 1.0280, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,029 GEL

2011 Average 4,805 GEL

Yearly Trough Low 4,509 GEL

Transaction Impact: A difference of 519.96 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.9999

0.9052

JanuMarcMayJulySeptNove

TOP 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 0.9528, compared to 0.9692 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0164 points.

H1 Avg (Jan–Jun) 0.9528

H2 Avg (Jul–Dec) 0.9692

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.0674 GEL (High: 0.9691 / Low: 0.9017). On the other end, June was the most stable month, with a tight range of 0.0111 GEL (High: 0.9182 / Low: 0.9071).

May Spread (Volatile) ±0.0674

June Spread (Stable) ±0.0111

Growth Streaks & Declines

Trends

Between June and September, 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 April and May, when the average rate fell by 0.0347 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0347

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2012: 0.9920) against the same month in 2011 (average: 0.9888), the exchange rate shifted by +0.0032 (+0.32%).

2012 Avg (September) 0.9920

2011 Avg (September) 0.9888

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9806	0.9502	0.9588
February	0.9889	0.9615	0.9796
March	0.9943	0.9673	0.9782
April	0.9774	0.9539	0.9610
May	0.9691	0.9017	0.9263
June	0.9182	0.9071	0.9131
July	0.9905	0.9277	0.9649
August	0.9942	0.9776	0.9857
September	1.0057	0.9778	0.9920
October	1.0043	0.9460	0.9621
November	0.9765	0.9330	0.9566
December	0.9571	0.9402	0.9538