2014 VEF to GEL Historical Review

YEARLY HIGH

0.2910 GEL

YEARLY LOW

0.2765 GEL

YEARLY AVERAGE

0.2796 GEL

2014 VEF to GEL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the VEF to GEL exchange rate experienced significant fluctuation. The market reached its absolute peak on December 3, valuing the pair at 0.2910. Conversely, the yearly low was recorded on August 24, dropping to 0.2765.

This high-to-low spread represents a total annual volatility of 0.0144 GEL. From a start-to-finish perspective, comparing the January average rate of 0.2802 to the December average rate of 0.2823, the exchange rate registered a net change of 0.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.2910 was down 24.86% compared to the 2013 peak of 0.3873, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,455 GEL

2013 Average 1,462 GEL

Yearly Trough Low 1,383 GEL

Transaction Impact: A difference of 72.21 GEL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.2828

0.2765

JanuMarcMayJulySeptNove

VEF 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 0.2795, compared to 0.2797 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.2795

H2 Avg (Jul–Dec) 0.2797

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0118 GEL (High: 0.2910 / Low: 0.2792). On the other end, June was the most stable month, with a tight range of 0.0011 GEL (High: 0.2812 / Low: 0.2801).

December Spread (Volatile) ±0.0118

June Spread (Stable) ±0.0011

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 0.0027 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0027

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.2823) against the same month in 2013 (average: 0.2754), the exchange rate shifted by +0.0069 (+2.52%).

2014 Avg (December) 0.2823

2013 Avg (December) 0.2754

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2825	0.2778	0.2802
February	0.2821	0.2766	0.2786
March	0.2792	0.2768	0.2781
April	0.2809	0.2787	0.2795
May	0.2812	0.2791	0.2802
June	0.2812	0.2801	0.2807
July	0.2808	0.2771	0.2797
August	0.2778	0.2765	0.2770
September	0.2791	0.2771	0.2782
October	0.2801	0.2783	0.2792
November	0.2873	0.2791	0.2817
December	0.2910	0.2792	0.2823