2014 AOA to GEL Historical Review

YEARLY HIGH

0.0182 GEL

YEARLY LOW

0.0172 GEL

YEARLY AVERAGE

0.0179 GEL

2014 AOA to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AOA to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on January 23, valuing the pair at 0.0182. Conversely, the yearly low was recorded on December 31, dropping to 0.0172.

This high-to-low spread represents a total annual volatility of 0.0010 GEL. From a start-to-finish perspective, comparing the January average rate of 0.0180 to the December average rate of 0.0175, the exchange rate registered a net change of -3.23% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0182 was up 1.66% compared to the 2013 peak of 0.0179, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 91 GEL

2013 Average 86 GEL

Yearly Trough Low 86 GEL

Transaction Impact: A difference of 5.23 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0182

0.0174

JanuMarcMayJulySeptNove

AOA 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 0.0180, compared to 0.0178 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0180

H2 Avg (Jul–Dec) 0.0178

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0009 GEL (High: 0.0181 / Low: 0.0172). On the other end, June was the most stable month, with a tight range of 0.0001 GEL (High: 0.0181 / Low: 0.0180).

December Spread (Volatile) ±0.0009

June Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between March and July, 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 July and August, when the average rate fell by 0.0003 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0003

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 0.0180) against the same month in 2013 (average: 0.0173), the exchange rate shifted by +0.0008 (+4.37%).

2014 Avg (January) 0.0180

2013 Avg (January) 0.0173

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0182	0.0179	0.0180
February	0.0182	0.0178	0.0180
March	0.0180	0.0178	0.0179
April	0.0181	0.0179	0.0180
May	0.0181	0.0179	0.0180
June	0.0181	0.0180	0.0181
July	0.0182	0.0180	0.0181
August	0.0179	0.0178	0.0178
September	0.0180	0.0179	0.0179
October	0.0179	0.0177	0.0178
November	0.0179	0.0175	0.0177
December	0.0181	0.0172	0.0175