2014 GEL to RON Historical Review

YEARLY HIGH

2.0946 RON

YEARLY LOW

1.8073 RON

YEARLY AVERAGE

1.9027 RON

2014 GEL to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GEL to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 2.0946. Conversely, the yearly low was recorded on May 7, dropping to 1.8073.

This high-to-low spread represents a total annual volatility of 0.2873 RON. From a start-to-finish perspective, comparing the January average rate of 1.8830 to the December average rate of 2.0336, the exchange rate registered a net change of 8.00% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.0946 was down 0.04% compared to the 2013 peak of 2.0954, 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 10,473 RON

2013 Average 9,996 RON

Yearly Trough Low 9,036 RON

Transaction Impact: A difference of 1,436.33 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.0544

1.8055

JanuMarcMayJulySeptNove

GEL to RON 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 1.8511, compared to 1.9542 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1031 points.

H1 Avg (Jan–Jun) 1.8511

H2 Avg (Jul–Dec) 1.9542

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.1392 RON (High: 2.0946 / Low: 1.9554). On the other end, June was the most stable month, with a tight range of 0.0234 RON (High: 1.8387 / Low: 1.8153).

December Spread (Volatile) ±0.1392

June Spread (Stable) ±0.0234

Growth Streaks & Declines

Trends

Between May and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0205 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0205

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 2.0336) against the same month in 2013 (average: 1.8799), the exchange rate shifted by +0.1538 (+8.18%).

2014 Avg (December) 2.0336

2013 Avg (December) 1.8799

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8999	1.8607	1.8830
February	1.8921	1.8645	1.8762
March	1.8803	1.8469	1.8572
April	1.8553	1.8122	1.8367
May	1.8423	1.8073	1.8263
June	1.8387	1.8153	1.8274
July	1.8937	1.8183	1.8499
August	1.9182	1.8896	1.9057
September	1.9861	1.9143	1.9521
October	2.0051	1.9646	1.9818
November	2.0283	1.9633	2.0022
December	2.0946	1.9554	2.0336