2014 TND to GEL Historical Review

YEARLY HIGH

1.1145 GEL

YEARLY LOW

0.9449 GEL

YEARLY AVERAGE

1.0397 GEL

2014 TND to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TND to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on March 10, valuing the pair at 1.1145. Conversely, the yearly low was recorded on December 23, dropping to 0.9449.

This high-to-low spread represents a total annual volatility of 0.1696 GEL. From a start-to-finish perspective, comparing the January average rate of 1.0727 to the December average rate of 0.9600, the exchange rate registered a net change of -10.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.1145 was up 3.39% compared to the 2013 peak of 1.0779, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,573 GEL

2013 Average 5,124 GEL

Yearly Trough Low 4,725 GEL

Transaction Impact: A difference of 848.07 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.1245

0.9450

JanuMarcMayJulySeptNove

TND 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 1.0908, compared to 0.9887 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1020 points.

H1 Avg (Jan–Jun) 1.0908

H2 Avg (Jul–Dec) 0.9887

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.0491 GEL (High: 1.1057 / Low: 1.0565). On the other end, March was the most stable month, with a tight range of 0.0089 GEL (High: 1.1145 / Low: 1.1056).

January Spread (Volatile) ±0.0491

March Spread (Stable) ±0.0089

Growth Streaks & Declines

Trends

Between January and March, 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 June and July, when the average rate fell by 0.0354 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0354

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 1.1095) against the same month in 2013 (average: 1.0474), the exchange rate shifted by +0.0621 (+5.93%).

2014 Avg (March) 1.1095

2013 Avg (March) 1.0474

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1057	1.0565	1.0727
February	1.1111	1.0909	1.1022
March	1.1145	1.1056	1.1095
April	1.1119	1.1027	1.1068
May	1.1018	1.0819	1.0887
June	1.0843	1.0483	1.0646
July	1.0486	1.0147	1.0292
August	1.0202	1.0021	1.0113
September	1.0045	0.9753	0.9892
October	0.9811	0.9658	0.9752
November	0.9824	0.9579	0.9673
December	0.9892	0.9449	0.9600