2014 SAR to GEL Historical Review

YEARLY HIGH

0.4881 GEL

YEARLY LOW

0.4640 GEL

YEARLY AVERAGE

0.4693 GEL

2014 SAR to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SAR to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 3, valuing the pair at 0.4881. Conversely, the yearly low was recorded on August 24, dropping to 0.4640.

This high-to-low spread represents a total annual volatility of 0.0241 GEL. From a start-to-finish perspective, comparing the January average rate of 0.4700 to the December average rate of 0.4749, the exchange rate registered a net change of 1.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.4881 was up 4.69% compared to the 2013 peak of 0.4663, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,441 GEL

2013 Average 2,220 GEL

Yearly Trough Low 2,320 GEL

Transaction Impact: A difference of 120.68 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.4759

0.4638

JanuMarcMayJulySeptNove

SAR 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 0.4690, compared to 0.4696 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0006 points.

H1 Avg (Jan–Jun) 0.4690

H2 Avg (Jul–Dec) 0.4696

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0178 GEL (High: 0.4881 / Low: 0.4703). On the other end, October was the most stable month, with a tight range of 0.0010 GEL (High: 0.4690 / Low: 0.4680).

December Spread (Volatile) ±0.0178

October Spread (Stable) ±0.0010

Growth Streaks & Declines

Trends

Between August and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0046 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0046

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.4749) against the same month in 2013 (average: 0.4620), the exchange rate shifted by +0.0129 (+2.79%).

2014 Avg (December) 0.4749

2013 Avg (December) 0.4620

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4739	0.4660	0.4700
February	0.4732	0.4641	0.4674
March	0.4684	0.4644	0.4666
April	0.4713	0.4677	0.4689
May	0.4718	0.4684	0.4701
June	0.4717	0.4701	0.4711
July	0.4712	0.4650	0.4694
August	0.4659	0.4640	0.4648
September	0.4686	0.4655	0.4672
October	0.4690	0.4680	0.4686
November	0.4817	0.4677	0.4727
December	0.4881	0.4703	0.4749