2014 GEL to AFN Historical Review

YEARLY HIGH

33.0815 AFN

YEARLY LOW

31.6144 AFN

YEARLY AVERAGE

32.3794 AFN

2014 GEL to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GEL to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 29, valuing the pair at 33.0815. Conversely, the yearly low was recorded on December 3, dropping to 31.6144.

This high-to-low spread represents a total annual volatility of 1.4672 AFN. From a start-to-finish perspective, comparing the January average rate of 31.9151 to the December average rate of 32.5463, the exchange rate registered a net change of 1.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 33.0815 was down 4.04% compared to the 2013 peak of 34.4746, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 165,408 AFN

2013 Average 164,467 AFN

Yearly Trough Low 158,072 AFN

Transaction Impact: A difference of 7,335.90 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

32.6637

31.8471

JanuMarcMayJulySeptNove

GEL to AFN 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 32.3099, compared to 32.4490 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1390 points.

H1 Avg (Jan–Jun) 32.3099

H2 Avg (Jul–Dec) 32.4490

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 1.4672 AFN (High: 33.0815 / Low: 31.6144). On the other end, March was the most stable month, with a tight range of 0.4165 AFN (High: 32.7445 / Low: 32.3281).

December Spread (Volatile) ±1.4672

March Spread (Stable) ±0.4165

Growth Streaks & Declines

Trends

Between January and March, 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 March and April, when the average rate fell by 0.2385 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.2385

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 32.5463) against the same month in 2013 (average: 32.9274), the exchange rate shifted by -0.3811 (-1.16%).

2014 Avg (December) 32.5463

2013 Avg (December) 32.9274

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	32.3487	31.6305	31.9151
February	32.8269	31.7916	32.3631
March	32.7445	32.3281	32.5438
April	32.6061	31.9038	32.3053
May	32.4358	31.9003	32.2405
June	32.8931	32.2052	32.4917
July	32.6949	31.8229	32.3122
August	32.5643	32.1452	32.2994
September	32.6719	32.0805	32.3963
October	32.9432	32.3721	32.5956
November	32.8745	31.9680	32.5439
December	33.0815	31.6144	32.5463