2014 GEL to CVE Historical Review

YEARLY HIGH

51.3516 CVE

YEARLY LOW

44.7064 CVE

YEARLY AVERAGE

47.0134 CVE

2014 GEL to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GEL to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 51.3516. Conversely, the yearly low was recorded on May 6, dropping to 44.7064.

This high-to-low spread represents a total annual volatility of 6.6453 CVE. From a start-to-finish perspective, comparing the January average rate of 45.7949 to the December average rate of 50.0894, the exchange rate registered a net change of 9.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 51.3516 was down 2.44% compared to the 2013 peak of 52.6376, 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 256,758 CVE

2013 Average 249,143 CVE

Yearly Trough Low 223,532 CVE

Transaction Impact: A difference of 33,226.33 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

50.5768

44.7287

JanuMarcMayJulySeptNove

GEL to CVE 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 45.5372, compared to 48.4896 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.9524 points.

H1 Avg (Jan–Jun) 45.5372

H2 Avg (Jul–Dec) 48.4896

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 3.0516 CVE (High: 51.3516 / Low: 48.3000). On the other end, June was the most stable month, with a tight range of 0.5291 CVE (High: 45.9896 / Low: 45.4606).

December Spread (Volatile) ±3.0516

June Spread (Stable) ±0.5291

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 0.4962 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.4962

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 50.0894) against the same month in 2013 (average: 46.3474), the exchange rate shifted by +3.7420 (+8.07%).

2014 Avg (December) 50.0894

2013 Avg (December) 46.3474

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	46.2815	45.1925	45.7949
February	46.3333	45.4076	45.8458
March	45.8257	45.0402	45.3496
April	45.7285	44.8489	45.2160
May	45.6505	44.7064	45.3220
June	45.9896	45.4606	45.6949
July	47.0193	45.4337	46.0171
August	47.7973	46.8090	47.2506
September	49.3864	47.7375	48.6496
October	49.8858	48.7837	49.2930
November	50.2167	48.6980	49.6380
December	51.3516	48.3000	50.0894