2014 GEL to PEN Historical Review

YEARLY HIGH

1.6940 PEN

YEARLY LOW

1.5634 PEN

YEARLY AVERAGE

1.6126 PEN

2014 GEL to PEN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GEL to PEN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1.6940. Conversely, the yearly low was recorded on May 31, dropping to 1.5634.

This high-to-low spread represents a total annual volatility of 0.1307 PEN. From a start-to-finish perspective, comparing the January average rate of 1.5938 to the December average rate of 1.6625, the exchange rate registered a net change of 4.31% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.6940 was down 0.22% compared to the 2013 peak of 1.6977, 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 8,470 PEN

2013 Average 8,117 PEN

Yearly Trough Low 7,817 PEN

Transaction Impact: A difference of 653.35 PEN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.6706

1.5726

JanuMarcMayJulySeptNove

GEL to PEN 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 1.5923, compared to 1.6329 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0406 points.

H1 Avg (Jan–Jun) 1.5923

H2 Avg (Jul–Dec) 1.6329

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0900 PEN (High: 1.6940 / Low: 1.6040). On the other end, March was the most stable month, with a tight range of 0.0134 PEN (High: 1.6109 / Low: 1.5975).

December Spread (Volatile) ±0.0900

March Spread (Stable) ±0.0134

Growth Streaks & Declines

Trends

Between June and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0163 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0163

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.6625) against the same month in 2013 (average: 1.6082), the exchange rate shifted by +0.0543 (+3.38%).

2014 Avg (December) 1.6625

2013 Avg (December) 1.6082

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6078	1.5803	1.5938
February	1.6180	1.5914	1.6053
March	1.6109	1.5975	1.6038
April	1.6020	1.5770	1.5876
May	1.5920	1.5634	1.5825
June	1.5869	1.5640	1.5808
July	1.6024	1.5706	1.5826
August	1.6318	1.6009	1.6144
September	1.6487	1.6281	1.6354
October	1.6638	1.6424	1.6528
November	1.6688	1.6129	1.6494
December	1.6940	1.6040	1.6625