2014 GEL to IRR Historical Review

YEARLY HIGH

15363.9196 IRR

YEARLY LOW

13947.7013 IRR

YEARLY AVERAGE

14674.7766 IRR

2014 GEL to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GEL to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 15363.9196. Conversely, the yearly low was recorded on January 23, dropping to 13947.7013.

This high-to-low spread represents a total annual volatility of 1416.2183 IRR. From a start-to-finish perspective, comparing the January average rate of 14040.7519 to the December average rate of 15094.8395, the exchange rate registered a net change of 7.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 15363.9196 was up 2.37% compared to the 2013 peak of 15007.7083, 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 76,819,598 IRR

2013 Average 52,414,787 IRR

Yearly Trough Low 69,738,507 IRR

Transaction Impact: A difference of 7,081,091.30 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

15286.5276

13927.4995

JanuMarcMayJulySeptNove

GEL to IRR 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 14303.6533, compared to 15045.8999 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 742.2465 points.

H1 Avg (Jan–Jun) 14303.6533

H2 Avg (Jul–Dec) 15045.8999

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 725.6641 IRR (High: 15363.9196 / Low: 14638.2554). On the other end, October was the most stable month, with a tight range of 36.3157 IRR (High: 15175.5345 / Low: 15139.2188).

December Spread (Volatile) ±725.6641

October Spread (Stable) ±36.3157

Growth Streaks & Declines

Trends

Between January and September, 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 October and November, when the average rate fell by 92.0117 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -92.0117

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 15094.8395) against the same month in 2013 (average: 14296.4756), the exchange rate shifted by +798.3639 (+5.58%).

2014 Avg (December) 15094.8395

2013 Avg (December) 14296.4756

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14167.0726	13947.7013	14040.7519
February	14272.0644	13989.2682	14171.6071
March	14407.8638	14192.9691	14281.3926
April	14426.0010	14326.0148	14393.9456
May	14516.8850	14427.9901	14463.5886
June	14502.1252	14445.4996	14470.6340
July	15023.0057	14512.9416	14669.2735
August	15211.6107	15007.1084	15118.8599
September	15216.5660	15139.1679	15173.2753
October	15175.5345	15139.2188	15155.5813
November	15185.9463	14811.3119	15063.5696
December	15363.9196	14638.2554	15094.8395