2016 TOP to GEL Historical Review

YEARLY HIGH

1.2211 GEL

YEARLY LOW

0.9360 GEL

YEARLY AVERAGE

1.0498 GEL

2016 TOP to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the TOP to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 1.2211. Conversely, the yearly low was recorded on June 1, dropping to 0.9360.

This high-to-low spread represents a total annual volatility of 0.2852 GEL. From a start-to-finish perspective, comparing the January average rate of 1.0800 to the December average rate of 1.1647, the exchange rate registered a net change of 7.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 1.2211 was up 4.71% compared to the 2015 peak of 1.1662, 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 6,106 GEL

2015 Average 5,196 GEL

Yearly Trough Low 4,680 GEL

Transaction Impact: A difference of 1,425.78 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

1.1843

0.9492

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 1.0306, compared to 1.0691 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0386 points.

H1 Avg (Jan–Jun) 1.0306

H2 Avg (Jul–Dec) 1.0691

Volatility Range Comparison

Volatility

The most volatile month in 2016 was June, with a trading range of 0.1257 GEL (High: 1.0616 / Low: 0.9360). On the other end, January was the most stable month, with a tight range of 0.0206 GEL (High: 1.0925 / Low: 1.0719).

June Spread (Volatile) ±0.1257

January Spread (Stable) ±0.0206

Growth Streaks & Declines

Trends

Between August and December, 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 April and May, when the average rate fell by 0.0435 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0435

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 1.1647) against the same month in 2015 (average: 1.0674), the exchange rate shifted by +0.0974 (+9.12%).

2016 Avg (December) 1.1647

2015 Avg (December) 1.0674

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0925	1.0719	1.0800
February	1.1107	1.0632	1.0908
March	1.0916	1.0189	1.0540
April	1.0283	0.9977	1.0123
May	1.0006	0.9405	0.9688
June	1.0616	0.9360	0.9774
July	1.0469	1.0224	1.0334
August	1.0465	1.0052	1.0261
September	1.0388	1.0138	1.0269
October	1.0779	1.0377	1.0597
November	1.1315	1.0613	1.1039
December	1.2211	1.1332	1.1647