2015 TOP to GEL Historical Review

YEARLY HIGH

1.1662 GEL

YEARLY LOW

0.8655 GEL

YEARLY AVERAGE

1.0384 GEL

2015 TOP to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the TOP to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on May 14, valuing the pair at 1.1662. Conversely, the yearly low was recorded on March 17, dropping to 0.8655.

This high-to-low spread represents a total annual volatility of 0.3008 GEL. From a start-to-finish perspective, comparing the January average rate of 0.8909 to the December average rate of 1.0674, the exchange rate registered a net change of 19.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 1.1662 was up 18.92% compared to the 2014 peak of 0.9807, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,831 GEL

2014 Average 4,666 GEL

Yearly Trough Low 4,327 GEL

Transaction Impact: A difference of 1,503.93 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

1.1713

0.8526

JanuMarcMayJulySeptNove

TOP 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 1.0112, compared to 1.0656 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0544 points.

H1 Avg (Jan–Jun) 1.0112

H2 Avg (Jul–Dec) 1.0656

Volatility Range Comparison

Volatility

The most volatile month in 2015 was March, with a trading range of 0.2414 GEL (High: 1.1069 / Low: 0.8655). On the other end, January was the most stable month, with a tight range of 0.0095 GEL (High: 0.8951 / Low: 0.8856).

March Spread (Volatile) ±0.2414

January Spread (Stable) ±0.0095

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 May and June, when the average rate fell by 0.0638 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0638

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2015: 1.1447) against the same month in 2014 (average: 0.9515), the exchange rate shifted by +0.1933 (+20.31%).

2015 Avg (May) 1.1447

2014 Avg (May) 0.9515

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8951	0.8856	0.8909
February	0.8904	0.8705	0.8791
March	1.1069	0.8655	0.9563
April	1.1473	1.1061	1.1153
May	1.1662	1.1204	1.1447
June	1.1259	1.0381	1.0809
July	1.0585	1.0244	1.0439
August	1.0826	1.0229	1.0451
September	1.1363	1.0428	1.0883
October	1.0886	1.0580	1.0707
November	1.0867	1.0659	1.0782
December	1.0779	1.0512	1.0674