2014 AFN to GEL Historical Review

YEARLY HIGH

0.0316 GEL

YEARLY LOW

0.0302 GEL

YEARLY AVERAGE

0.0309 GEL

2014 AFN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AFN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 3, valuing the pair at 0.0316. Conversely, the yearly low was recorded on December 29, dropping to 0.0302.

This high-to-low spread represents a total annual volatility of 0.0014 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0313 to the December average rate of 0.0307, the exchange rate registered a net change of -1.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0316 was down 2.56% compared to the 2013 peak of 0.0325, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 158 GEL

2013 Average 152 GEL

Yearly Trough Low 151 GEL

Transaction Impact: A difference of 7.01 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0314

0.0306

JanuMarcMayJulySeptNove

AFN 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 0.0310, compared to 0.0308 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0310

H2 Avg (Jul–Dec) 0.0308

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0014 GEL (High: 0.0316 / Low: 0.0302). On the other end, March was the most stable month, with a tight range of 0.0004 GEL (High: 0.0309 / Low: 0.0305).

December Spread (Volatile) ±0.0014

March Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between March and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0004 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0307) against the same month in 2013 (average: 0.0304), the exchange rate shifted by +0.0004 (+1.15%).

2014 Avg (December) 0.0307

2013 Avg (December) 0.0304

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0316	0.0309	0.0313
February	0.0315	0.0305	0.0309
March	0.0309	0.0305	0.0307
April	0.0313	0.0307	0.0310
May	0.0313	0.0308	0.0310
June	0.0311	0.0304	0.0308
July	0.0314	0.0306	0.0309
August	0.0311	0.0307	0.0310
September	0.0312	0.0306	0.0309
October	0.0309	0.0304	0.0307
November	0.0313	0.0304	0.0307
December	0.0316	0.0302	0.0307