2014 GEL to RSD Historical Review

YEARLY HIGH

56.7346 RSD

YEARLY LOW

47.0919 RSD

YEARLY AVERAGE

50.2308 RSD

2014 GEL to RSD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GEL to RSD exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 56.7346. Conversely, the yearly low was recorded on May 6, dropping to 47.0919.

This high-to-low spread represents a total annual volatility of 9.6427 RSD. From a start-to-finish perspective, comparing the January average rate of 48.0620 to the December average rate of 55.4001, the exchange rate registered a net change of 15.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 56.7346 was up 5.61% compared to the 2013 peak of 53.7194, 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 283,673 RSD

2013 Average 255,797 RSD

Yearly Trough Low 235,459 RSD

Transaction Impact: A difference of 48,213.43 RSD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

56.1826

46.7926

JanuMarcMayJulySeptNove

GEL to RSD 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 47.9501, compared to 52.5115 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.5615 points.

H1 Avg (Jan–Jun) 47.9501

H2 Avg (Jul–Dec) 52.5115

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 3.3543 RSD (High: 56.7346 / Low: 53.3802). On the other end, June was the most stable month, with a tight range of 0.5120 RSD (High: 48.3708 / Low: 47.8589).

December Spread (Volatile) ±3.3543

June Spread (Stable) ±0.5120

Growth Streaks & Declines

Trends

Between April and December, 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 February and March, when the average rate fell by 0.5720 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.5720

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 55.4001) against the same month in 2013 (average: 48.3327), the exchange rate shifted by +7.0673 (+14.62%).

2014 Avg (December) 55.4001

2013 Avg (December) 48.3327

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	48.3726	47.5646	48.0620
February	48.8744	47.9883	48.4042
March	48.2346	47.4130	47.8321
April	48.0419	47.2000	47.5751
May	48.0577	47.0919	47.7577
June	48.3708	47.8589	48.0692
July	50.0493	47.9928	48.7708
August	51.4108	49.8967	50.5753
September	53.3542	51.3743	52.5312
October	54.0274	53.0789	53.5512
November	54.8740	53.4509	54.2407
December	56.7346	53.3802	55.4001