2014 GEL to NGN Historical Review

YEARLY HIGH

104.9342 NGN

YEARLY LOW

89.9215 NGN

YEARLY AVERAGE

93.7973 NGN

2014 GEL to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GEL to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 104.9342. Conversely, the yearly low was recorded on January 23, dropping to 89.9215.

This high-to-low spread represents a total annual volatility of 15.0127 NGN. From a start-to-finish perspective, comparing the January average rate of 90.8225 to the December average rate of 102.1414, the exchange rate registered a net change of 12.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 104.9342 was up 6.39% compared to the 2013 peak of 98.6348, 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 524,671 NGN

2013 Average 478,379 NGN

Yearly Trough Low 449,608 NGN

Transaction Impact: A difference of 75,063.65 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

103.2733

89.6907

JanuMarcMayJulySeptNove

GEL to NGN 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 92.4471, compared to 95.1475 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.7004 points.

H1 Avg (Jan–Jun) 92.4471

H2 Avg (Jul–Dec) 95.1475

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 6.0215 NGN (High: 104.9342 / Low: 98.9127). On the other end, June was the most stable month, with a tight range of 0.8260 NGN (High: 92.6041 / Low: 91.7780).

December Spread (Volatile) ±6.0215

June Spread (Stable) ±0.8260

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 1.9247 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -1.9247

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 102.1414) against the same month in 2013 (average: 91.8492), the exchange rate shifted by +10.2922 (+11.21%).

2014 Avg (December) 102.1414

2013 Avg (December) 91.8492

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	91.7030	89.9215	90.8225
February	94.6718	91.6223	93.4777
March	94.5979	93.7159	94.1539
April	93.9739	90.8951	92.2292
May	92.7615	90.1397	91.7204
June	92.6041	91.7780	92.2787
July	92.8442	91.8768	92.1747
August	93.4481	92.2291	92.9577
September	93.6611	92.5675	93.1090
October	94.3372	92.8826	93.6948
November	99.1924	94.2256	96.8075
December	104.9342	98.9127	102.1414