2014 TMT to GEL Historical Review

YEARLY HIGH

1.8321 GEL

YEARLY LOW

1.7407 GEL

YEARLY AVERAGE

1.7604 GEL

2014 TMT to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TMT to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 3, valuing the pair at 1.8321. Conversely, the yearly low was recorded on February 13, dropping to 1.7407.

This high-to-low spread represents a total annual volatility of 0.0914 GEL. From a start-to-finish perspective, comparing the January average rate of 1.7629 to the December average rate of 1.7824, the exchange rate registered a net change of 1.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.8321 was up 4.81% compared to the 2013 peak of 1.7481, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,161 GEL

2013 Average 8,324 GEL

Yearly Trough Low 8,704 GEL

Transaction Impact: A difference of 457.10 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.7864

1.7393

JanuMarcMayJulySeptNove

TMT 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 1.7592, compared to 1.7617 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0026 points.

H1 Avg (Jan–Jun) 1.7592

H2 Avg (Jul–Dec) 1.7617

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0666 GEL (High: 1.8321 / Low: 1.7655). On the other end, October was the most stable month, with a tight range of 0.0034 GEL (High: 1.7596 / Low: 1.7562).

December Spread (Volatile) ±0.0666

October Spread (Stable) ±0.0034

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 0.0172 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0172

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.7824) against the same month in 2013 (average: 1.7327), the exchange rate shifted by +0.0498 (+2.87%).

2014 Avg (December) 1.7824

2013 Avg (December) 1.7327

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.7773	1.7479	1.7629
February	1.7747	1.7407	1.7531
March	1.7568	1.7418	1.7499
April	1.7677	1.7541	1.7587
May	1.7692	1.7566	1.7633
June	1.7693	1.7630	1.7671
July	1.7672	1.7438	1.7604
August	1.7474	1.7408	1.7432
September	1.7578	1.7458	1.7525
October	1.7596	1.7562	1.7581
November	1.8080	1.7567	1.7736
December	1.8321	1.7655	1.7824