2013 TOP to GEL Historical Review

YEARLY HIGH

0.9620 GEL

YEARLY LOW

0.8725 GEL

YEARLY AVERAGE

0.9297 GEL

2013 TOP to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the TOP to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on March 5, valuing the pair at 0.9620. Conversely, the yearly low was recorded on September 3, dropping to 0.8725.

This high-to-low spread represents a total annual volatility of 0.0894 GEL. From a start-to-finish perspective, comparing the January average rate of 0.9558 to the December average rate of 0.9327, the exchange rate registered a net change of -2.42% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.9620 was down 4.35% compared to the 2012 peak of 1.0057, 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 4,810 GEL

2012 Average 4,805 GEL

Yearly Trough Low 4,363 GEL

Transaction Impact: A difference of 447.22 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.9635

0.8909

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 0.9461, compared to 0.9133 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0328 points.

H1 Avg (Jan–Jun) 0.9461

H2 Avg (Jul–Dec) 0.9133

Volatility Range Comparison

Volatility

The most volatile month in 2013 was June, with a trading range of 0.0706 GEL (High: 0.9604 / Low: 0.8898). On the other end, February was the most stable month, with a tight range of 0.0083 GEL (High: 0.9603 / Low: 0.9520).

June Spread (Volatile) ±0.0706

February Spread (Stable) ±0.0083

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0297 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0297

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2013: 0.9490) against the same month in 2012 (average: 0.9782), the exchange rate shifted by -0.0292 (-2.99%).

2013 Avg (March) 0.9490

2012 Avg (March) 0.9782

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9618	0.9513	0.9558
February	0.9603	0.9520	0.9574
March	0.9620	0.9427	0.9490
April	0.9582	0.9447	0.9494
May	0.9483	0.9247	0.9385
June	0.9604	0.8898	0.9266
July	0.9036	0.8875	0.8970
August	0.9025	0.8925	0.8972
September	0.9240	0.8725	0.9042
October	0.9314	0.9148	0.9233
November	0.9374	0.9114	0.9256
December	0.9448	0.9114	0.9327