2014 BND to GEL Historical Review

YEARLY HIGH

1.4226 GEL

YEARLY LOW

1.3328 GEL

YEARLY AVERAGE

1.3895 GEL

2014 BND to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BND to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on July 11, valuing the pair at 1.4226. Conversely, the yearly low was recorded on December 31, dropping to 1.3328.

This high-to-low spread represents a total annual volatility of 0.0898 GEL. From a start-to-finish perspective, comparing the January average rate of 1.3853 to the December average rate of 1.3540, the exchange rate registered a net change of -2.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.4226 was up 2.57% compared to the 2013 peak of 1.3870, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,113 GEL

2013 Average 6,655 GEL

Yearly Trough Low 6,664 GEL

Transaction Impact: A difference of 449.10 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.4223

1.3478

JanuMarcMayJulySeptNove

BND 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 1.3955, compared to 1.3835 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0120 points.

H1 Avg (Jan–Jun) 1.3955

H2 Avg (Jul–Dec) 1.3835

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0654 GEL (High: 1.3983 / Low: 1.3328). On the other end, May was the most stable month, with a tight range of 0.0091 GEL (High: 1.4122 / Low: 1.4031).

December Spread (Volatile) ±0.0654

May Spread (Stable) ±0.0091

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 0.0200 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0200

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 1.4161) against the same month in 2013 (average: 1.3060), the exchange rate shifted by +0.1101 (+8.43%).

2014 Avg (July) 1.4161

2013 Avg (July) 1.3060

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3918	1.3784	1.3853
February	1.3957	1.3748	1.3840
March	1.3936	1.3724	1.3813
April	1.4086	1.3897	1.4012
May	1.4122	1.4031	1.4084
June	1.4158	1.4063	1.4127
July	1.4226	1.3988	1.4161
August	1.4012	1.3911	1.3961
September	1.3980	1.3774	1.3867
October	1.3875	1.3702	1.3789
November	1.3900	1.3541	1.3693
December	1.3983	1.3328	1.3540