2015 GEL to BAM Historical Review

YEARLY HIGH

1.0559 BAM

YEARLY LOW

0.7006 BAM

YEARLY AVERAGE

0.8098 BAM

2015 GEL to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the GEL to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on March 15, valuing the pair at 1.0559. Conversely, the yearly low was recorded on September 17, dropping to 0.7006.

This high-to-low spread represents a total annual volatility of 0.3552 BAM. From a start-to-finish perspective, comparing the January average rate of 0.9529 to the December average rate of 0.7496, the exchange rate registered a net change of -21.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.0559 was up 15.46% compared to the 2014 peak of 0.9145, 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 5,279 BAM

2014 Average 4,190 BAM

Yearly Trough Low 3,503 BAM

Transaction Impact: A difference of 1,776.24 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.0011

0.7008

JanuMarcMayJulySeptNove

GEL to BAM 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 0.8679, compared to 0.7517 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1161 points.

H1 Avg (Jan–Jun) 0.8679

H2 Avg (Jul–Dec) 0.7517

Volatility Range Comparison

Volatility

The most volatile month in 2015 was March, with a trading range of 0.2528 BAM (High: 1.0559 / Low: 0.8030). On the other end, July was the most stable month, with a tight range of 0.0188 BAM (High: 0.7986 / Low: 0.7798).

March Spread (Volatile) ±0.2528

July Spread (Stable) ±0.0188

Growth Streaks & Declines

Trends

Between May and July, 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 0.1477 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1477

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 0.9489) against the same month in 2014 (average: 0.8089), the exchange rate shifted by +0.1400 (+17.31%).

2015 Avg (March) 0.9489

2014 Avg (March) 0.8089

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9913	0.9184	0.9529
February	0.9893	0.9658	0.9761
March	1.0559	0.8030	0.9489
April	0.8250	0.7543	0.8013
May	0.7872	0.7251	0.7557
June	0.7890	0.7610	0.7722
July	0.7986	0.7798	0.7880
August	0.7865	0.7061	0.7565
September	0.7425	0.7006	0.7258
October	0.7496	0.7154	0.7301
November	0.7715	0.7411	0.7602
December	0.7695	0.7415	0.7496