2014 BGN to ILS Historical Review

YEARLY HIGH

2.5131 ILS

YEARLY LOW

2.3401 ILS

YEARLY AVERAGE

2.4249 ILS

2014 BGN to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the BGN to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 2, valuing the pair at 2.5131. Conversely, the yearly low was recorded on August 5, dropping to 2.3401.

This high-to-low spread represents a total annual volatility of 0.1730 ILS. From a start-to-finish perspective, comparing the January average rate of 2.4311 to the December average rate of 2.4745, the exchange rate registered a net change of 1.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.5131 was down 2.57% compared to the 2013 peak of 2.5794, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 12,566 ILS

2013 Average 12,245 ILS

Yearly Trough Low 11,701 ILS

Transaction Impact: A difference of 864.95 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.4849

2.3593

JanuMarcMayJulySeptNove

BGN to ILS 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 2.4372, compared to 2.4127 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0245 points.

H1 Avg (Jan–Jun) 2.4372

H2 Avg (Jul–Dec) 2.4127

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0943 ILS (High: 2.5131 / Low: 2.4189). On the other end, March was the most stable month, with a tight range of 0.0220 ILS (High: 2.4684 / Low: 2.4464).

December Spread (Volatile) ±0.0943

March Spread (Stable) ±0.0220

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0328 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0328

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 2.4745) against the same month in 2013 (average: 2.4513), the exchange rate shifted by +0.0231 (+0.94%).

2014 Avg (December) 2.4745

2013 Avg (December) 2.4513

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4432	2.4156	2.4311
February	2.4672	2.4233	2.4522
March	2.4684	2.4464	2.4567
April	2.4603	2.4362	2.4526
May	2.4530	2.4171	2.4317
June	2.4214	2.3821	2.3989
July	2.3949	2.3453	2.3698
August	2.4043	2.3401	2.3808
September	2.4077	2.3753	2.3946
October	2.4491	2.3633	2.4143
November	2.4806	2.4168	2.4422
December	2.5131	2.4189	2.4745