2015 MAD to GEL Historical Review

YEARLY HIGH

0.2550 GEL

YEARLY LOW

0.1743 GEL

YEARLY AVERAGE

0.2260 GEL

2015 MAD to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the MAD to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on September 17, valuing the pair at 0.2550. Conversely, the yearly low was recorded on March 15, dropping to 0.1743.

This high-to-low spread represents a total annual volatility of 0.0807 GEL. From a start-to-finish perspective, comparing the January average rate of 0.1886 to the December average rate of 0.2420, the exchange rate registered a net change of 28.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.2550 was up 16.99% compared to the 2014 peak of 0.2179, 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 1,275 GEL

2014 Average 1,047 GEL

Yearly Trough Low 871 GEL

Transaction Impact: A difference of 403.52 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.2535

0.1788

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 0.2113, compared to 0.2406 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0293 points.

H1 Avg (Jan–Jun) 0.2113

H2 Avg (Jul–Dec) 0.2406

Volatility Range Comparison

Volatility

The most volatile month in 2015 was March, with a trading range of 0.0525 GEL (High: 0.2268 / Low: 0.1743). On the other end, February was the most stable month, with a tight range of 0.0032 GEL (High: 0.1864 / Low: 0.1832).

March Spread (Volatile) ±0.0525

February Spread (Stable) ±0.0032

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0056 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0056

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2015: 0.2473) against the same month in 2014 (average: 0.2034), the exchange rate shifted by +0.0439 (+21.58%).

2015 Avg (September) 0.2473

2014 Avg (September) 0.2034

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1943	0.1827	0.1886
February	0.1864	0.1832	0.1850
March	0.2268	0.1743	0.1949
April	0.2388	0.2228	0.2278
May	0.2462	0.2311	0.2385
June	0.2365	0.2306	0.2330
July	0.2319	0.2284	0.2300
August	0.2518	0.2309	0.2384
September	0.2550	0.2424	0.2473
October	0.2489	0.2415	0.2459
November	0.2440	0.2381	0.2403
December	0.2438	0.2383	0.2420