2014 GEL to BGN Historical Review

YEARLY HIGH

0.9130 BGN

YEARLY LOW

0.7980 BGN

YEARLY AVERAGE

0.8380 BGN

2014 GEL to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GEL to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.9130. Conversely, the yearly low was recorded on May 6, dropping to 0.7980.

This high-to-low spread represents a total annual volatility of 0.1150 BGN. From a start-to-finish perspective, comparing the January average rate of 0.8151 to the December average rate of 0.8917, the exchange rate registered a net change of 9.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.9130 was down 1.99% compared to the 2013 peak of 0.9315, 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 4,565 BGN

2013 Average 4,428 BGN

Yearly Trough Low 3,990 BGN

Transaction Impact: A difference of 575.01 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.9003

0.7972

JanuMarcMayJulySeptNove

GEL to BGN 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 0.8117, compared to 0.8642 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0525 points.

H1 Avg (Jan–Jun) 0.8117

H2 Avg (Jul–Dec) 0.8642

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0543 BGN (High: 0.9130 / Low: 0.8587). On the other end, March was the most stable month, with a tight range of 0.0078 BGN (High: 0.8139 / Low: 0.8061).

December Spread (Volatile) ±0.0543

March Spread (Stable) ±0.0078

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0088 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0088

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.8917) against the same month in 2013 (average: 0.8247), the exchange rate shifted by +0.0670 (+8.12%).

2014 Avg (December) 0.8917

2013 Avg (December) 0.8247

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8224	0.8055	0.8151
February	0.8266	0.8105	0.8179
March	0.8139	0.8061	0.8090
April	0.8143	0.7990	0.8058
May	0.8135	0.7980	0.8082
June	0.8197	0.8104	0.8144
July	0.8383	0.8105	0.8208
August	0.8527	0.8352	0.8430
September	0.8821	0.8511	0.8664
October	0.8878	0.8699	0.8785
November	0.8951	0.8685	0.8848
December	0.9130	0.8587	0.8917