2015 GEL to TOP Historical Review

YEARLY HIGH

1.1555 TOP

YEARLY LOW

0.8575 TOP

YEARLY AVERAGE

0.9706 TOP

2015 GEL to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the GEL to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on March 17, valuing the pair at 1.1555. Conversely, the yearly low was recorded on May 14, dropping to 0.8575.

This high-to-low spread represents a total annual volatility of 0.2980 TOP. From a start-to-finish perspective, comparing the January average rate of 1.1224 to the December average rate of 0.9369, the exchange rate registered a net change of -16.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.1555 was up 1.37% compared to the 2014 peak of 1.1398, 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 5,777 TOP

2014 Average 5,361 TOP

Yearly Trough Low 4,287 TOP

Transaction Impact: A difference of 1,490.03 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.1639

0.8473

JanuMarcMayJulySeptNove

GEL to TOP 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 1.0023, compared to 0.9388 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0635 points.

H1 Avg (Jan–Jun) 1.0023

H2 Avg (Jul–Dec) 0.9388

Volatility Range Comparison

Volatility

The most volatile month in 2015 was March, with a trading range of 0.2520 TOP (High: 1.1555 / Low: 0.9035). On the other end, January was the most stable month, with a tight range of 0.0120 TOP (High: 1.1292 / Low: 1.1172).

March Spread (Volatile) ±0.2520

January Spread (Stable) ±0.0120

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.1613 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1613

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2015: 1.0580) against the same month in 2014 (average: 1.0608), the exchange rate shifted by -0.0029 (-0.27%).

2015 Avg (March) 1.0580

2014 Avg (March) 1.0608

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1292	1.1172	1.1224
February	1.1488	1.1230	1.1375
March	1.1555	0.9035	1.0580
April	0.9041	0.8716	0.8967
May	0.8925	0.8575	0.8737
June	0.9633	0.8882	0.9255
July	0.9762	0.9447	0.9581
August	0.9776	0.9237	0.9570
September	0.9590	0.8800	0.9195
October	0.9452	0.9186	0.9341
November	0.9382	0.9202	0.9275
December	0.9513	0.9277	0.9369