2017 TOP to GEL Historical Review

YEARLY HIGH

1.1912 GEL

YEARLY LOW

1.0379 GEL

YEARLY AVERAGE

1.1036 GEL

2017 TOP to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2017

During 2017, the TOP to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 6, valuing the pair at 1.1912. Conversely, the yearly low was recorded on May 17, dropping to 1.0379.

This high-to-low spread represents a total annual volatility of 0.1532 GEL. From a start-to-finish perspective, comparing the January average rate of 1.1720 to the December average rate of 1.1469, the exchange rate registered a net change of -2.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2017 high of 1.1912 was down 2.45% compared to the 2016 peak of 1.2211, 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 5,956 GEL

2016 Average 5,249 GEL

Yearly Trough Low 5,190 GEL

Transaction Impact: A difference of 766.19 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2017.

1.1845

1.0343

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 1.0956, compared to 1.1116 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0161 points.

H1 Avg (Jan–Jun) 1.0956

H2 Avg (Jul–Dec) 1.1116

Volatility Range Comparison

Volatility

The most volatile month in 2017 was November, with a trading range of 0.1035 GEL (High: 1.1846 / Low: 1.0811). On the other end, May was the most stable month, with a tight range of 0.0174 GEL (High: 1.0554 / Low: 1.0379).

November Spread (Volatile) ±0.1035

May Spread (Stable) ±0.0174

Growth Streaks & Declines

Trends

Between May and September, 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 February and March, when the average rate fell by 0.0871 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0871

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2017: 1.1720) against the same month in 2016 (average: 1.0800), the exchange rate shifted by +0.0920 (+8.52%).

2017 Avg (January) 1.1720

2016 Avg (January) 1.0800

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1912	1.1422	1.1720
February	1.1844	1.1370	1.1657
March	1.1086	1.0552	1.0786
April	1.0754	1.0384	1.0506
May	1.0554	1.0379	1.0468
June	1.0717	1.0514	1.0597
July	1.0893	1.0550	1.0721
August	1.1085	1.0712	1.0880
September	1.1321	1.1073	1.1145
October	1.1269	1.1018	1.1117
November	1.1846	1.0811	1.1367
December	1.1826	1.1079	1.1469