2014 BAM to GEL Historical Review

YEARLY HIGH

1.2534 GEL

YEARLY LOW

1.0935 GEL

YEARLY AVERAGE

1.1953 GEL

2014 BAM to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BAM to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on May 6, valuing the pair at 1.2534. Conversely, the yearly low was recorded on December 31, dropping to 1.0935.

This high-to-low spread represents a total annual volatility of 0.1599 GEL. From a start-to-finish perspective, comparing the January average rate of 1.2273 to the December average rate of 1.1215, the exchange rate registered a net change of -8.62% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.2534 was up 1.79% compared to the 2013 peak of 1.2313, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,267 GEL

2013 Average 5,651 GEL

Yearly Trough Low 5,467 GEL

Transaction Impact: A difference of 799.67 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.2530

1.1095

JanuMarcMayJulySeptNove

BAM 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 1.2323, compared to 1.1583 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0740 points.

H1 Avg (Jan–Jun) 1.2323

H2 Avg (Jul–Dec) 1.1583

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0708 GEL (High: 1.1643 / Low: 1.0935). On the other end, March was the most stable month, with a tight range of 0.0123 GEL (High: 1.2412 / Low: 1.2289).

December Spread (Volatile) ±0.0708

March Spread (Stable) ±0.0123

Growth Streaks & Declines

Trends

Between February and April, 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 July and August, when the average rate fell by 0.0322 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0322

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2014: 1.2376) against the same month in 2013 (average: 1.0883), the exchange rate shifted by +0.1493 (+13.71%).

2014 Avg (May) 1.2376

2013 Avg (May) 1.0883

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2406	1.2152	1.2273
February	1.2313	1.2111	1.2233
March	1.2412	1.2289	1.2362
April	1.2520	1.2286	1.2410
May	1.2534	1.2295	1.2376
June	1.2341	1.2201	1.2282
July	1.2332	1.1933	1.2186
August	1.1981	1.1719	1.1864
September	1.1750	1.1350	1.1544
October	1.1490	1.1250	1.1383
November	1.1511	1.1153	1.1304
December	1.1643	1.0935	1.1215