2014 GEL to TRY Historical Review

YEARLY HIGH

1.3213 TRY

YEARLY LOW

1.1748 TRY

YEARLY AVERAGE

1.2428 TRY

2014 GEL to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GEL to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 1.3213. Conversely, the yearly low was recorded on May 13, dropping to 1.1748.

This high-to-low spread represents a total annual volatility of 0.1464 TRY. From a start-to-finish perspective, comparing the January average rate of 1.2588 to the December average rate of 1.2880, the exchange rate registered a net change of 2.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.3213 was up 6.18% compared to the 2013 peak of 1.2443, 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 6,606 TRY

2013 Average 5,722 TRY

Yearly Trough Low 5,874 TRY

Transaction Impact: A difference of 732.15 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.2982

1.1758

JanuMarcMayJulySeptNove

GEL to TRY 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 1.2295, compared to 1.2561 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0265 points.

H1 Avg (Jan–Jun) 1.2295

H2 Avg (Jul–Dec) 1.2561

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.1023 TRY (High: 1.3213 / Low: 1.2190). On the other end, April was the most stable month, with a tight range of 0.0248 TRY (High: 1.2212 / Low: 1.1964).

December Spread (Volatile) ±0.1023

April Spread (Stable) ±0.0248

Growth Streaks & Declines

Trends

Between May and October, 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 0.0563 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0563

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.2880) against the same month in 2013 (average: 1.1932), the exchange rate shifted by +0.0948 (+7.95%).

2014 Avg (December) 1.2880

2013 Avg (December) 1.1932

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3160	1.2271	1.2588
February	1.2836	1.2457	1.2602
March	1.2822	1.2245	1.2650
April	1.2212	1.1964	1.2087
May	1.2006	1.1748	1.1860
June	1.2142	1.1757	1.1986
July	1.2260	1.1905	1.2037
August	1.2519	1.2212	1.2385
September	1.2967	1.2315	1.2633
October	1.3039	1.2503	1.2835
November	1.2852	1.2234	1.2594
December	1.3213	1.2190	1.2880