2014 GEL to ETB Historical Review

YEARLY HIGH

11.4603 ETB

YEARLY LOW

10.7518 ETB

YEARLY AVERAGE

11.1733 ETB

2014 GEL to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GEL to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on November 3, valuing the pair at 11.4603. Conversely, the yearly low was recorded on February 5, dropping to 10.7518.

This high-to-low spread represents a total annual volatility of 0.7085 ETB. From a start-to-finish perspective, comparing the January average rate of 10.8718 to the December average rate of 11.3214, the exchange rate registered a net change of 4.14% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 11.4603 was up 0.22% compared to the 2013 peak of 11.4347, 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 57,301 ETB

2013 Average 56,206 ETB

Yearly Trough Low 53,759 ETB

Transaction Impact: A difference of 3,542.40 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

11.4378

10.8204

JanuMarcMayJulySeptNove

GEL to ETB 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 11.0148, compared to 11.3317 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3169 points.

H1 Avg (Jan–Jun) 11.0148

H2 Avg (Jul–Dec) 11.3317

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.4684 ETB (High: 11.4578 / Low: 10.9894). On the other end, June was the most stable month, with a tight range of 0.0534 ETB (High: 11.1098 / Low: 11.0564).

December Spread (Volatile) ±0.4684

June Spread (Stable) ±0.0534

Growth Streaks & Declines

Trends

Between January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0612 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.0612

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2014: 11.3251) against the same month in 2013 (average: 11.3320), the exchange rate shifted by -0.0069 (-0.06%).

2014 Avg (November) 11.3251

2013 Avg (November) 11.3320

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	10.9615	10.7875	10.8718
February	11.0673	10.7518	10.9780
March	11.0710	10.9344	11.0266
April	11.0825	11.0262	11.0606
May	11.1112	11.0187	11.0681
June	11.1098	11.0564	11.0836
July	11.3422	11.1103	11.2056
August	11.4131	11.3184	11.3750
September	11.4491	11.3375	11.3770
October	11.4394	11.2846	11.3864
November	11.4603	11.1261	11.3251
December	11.4578	10.9894	11.3214