2014 AZN to GEL Historical Review

YEARLY HIGH

2.3362 GEL

YEARLY LOW

2.2197 GEL

YEARLY AVERAGE

2.2451 GEL

2014 AZN to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the AZN to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 3, valuing the pair at 2.3362. Conversely, the yearly low was recorded on August 25, dropping to 2.2197.

This high-to-low spread represents a total annual volatility of 0.1165 GEL. From a start-to-finish perspective, comparing the January average rate of 2.2480 to the December average rate of 2.2731, the exchange rate registered a net change of 1.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.3362 was up 4.80% compared to the 2013 peak of 2.2291, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,681 GEL

2013 Average 10,611 GEL

Yearly Trough Low 11,099 GEL

Transaction Impact: A difference of 582.54 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.2780

2.2184

JanuMarcMayJulySeptNove

AZN 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 2.2434, compared to 2.2468 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0034 points.

H1 Avg (Jan–Jun) 2.2434

H2 Avg (Jul–Dec) 2.2468

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0880 GEL (High: 2.3362 / Low: 2.2482). On the other end, October was the most stable month, with a tight range of 0.0047 GEL (High: 2.2444 / Low: 2.2396).

December Spread (Volatile) ±0.0880

October Spread (Stable) ±0.0047

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 July and August, when the average rate fell by 0.0217 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0217

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 2.2731) against the same month in 2013 (average: 2.2094), the exchange rate shifted by +0.0637 (+2.88%).

2014 Avg (December) 2.2731

2013 Avg (December) 2.2094

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2664	2.2292	2.2480
February	2.2636	2.2197	2.2355
March	2.2405	2.2213	2.2317
April	2.2546	2.2370	2.2429
May	2.2565	2.2395	2.2485
June	2.2562	2.2486	2.2537
July	2.2535	2.2241	2.2451
August	2.2290	2.2197	2.2234
September	2.2414	2.2268	2.2352
October	2.2444	2.2396	2.2423
November	2.3055	2.2402	2.2617
December	2.3362	2.2482	2.2731