2014 MAD to GEL Historical Review

YEARLY HIGH

0.2179 GEL

YEARLY LOW

0.1949 GEL

YEARLY AVERAGE

0.2095 GEL

2014 MAD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the MAD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 0.2179. Conversely, the yearly low was recorded on December 31, dropping to 0.1949.

This high-to-low spread represents a total annual volatility of 0.0230 GEL. From a start-to-finish perspective, comparing the January average rate of 0.2141 to the December average rate of 0.1994, the exchange rate registered a net change of -6.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.2179 was up 1.71% compared to the 2013 peak of 0.2143, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MAD based on timing:

Yearly Peak High 1,090 GEL

2013 Average 990 GEL

Yearly Trough Low 974 GEL

Transaction Impact: A difference of 115.16 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.2178

0.1977

JanuMarcMayJulySeptNove

MAD to GEL 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 0.2148, compared to 0.2041 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0106 points.

H1 Avg (Jan–Jun) 0.2148

H2 Avg (Jul–Dec) 0.2041

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0116 GEL (High: 0.2065 / Low: 0.1949). On the other end, March was the most stable month, with a tight range of 0.0016 GEL (High: 0.2159 / Low: 0.2143).

December Spread (Volatile) ±0.0116

March Spread (Stable) ±0.0016

Growth Streaks & Declines

Trends

Between February and April, 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 July and August, when the average rate fell by 0.0048 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0048

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2014: 0.2162) against the same month in 2013 (average: 0.1937), the exchange rate shifted by +0.0225 (+11.61%).

2014 Avg (April) 0.2162

2013 Avg (April) 0.1937

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2165	0.2121	0.2141
February	0.2150	0.2114	0.2134
March	0.2159	0.2143	0.2152
April	0.2179	0.2141	0.2162
May	0.2177	0.2141	0.2155
June	0.2152	0.2130	0.2142
July	0.2148	0.2088	0.2127
August	0.2096	0.2058	0.2079
September	0.2062	0.2006	0.2034
October	0.2026	0.1991	0.2011
November	0.2042	0.1976	0.2004
December	0.2065	0.1949	0.1994