2014 CVE to ILS Historical Review

YEARLY HIGH

0.0447 ILS

YEARLY LOW

0.0418 ILS

YEARLY AVERAGE

0.0432 ILS

2014 CVE to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the CVE to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 2, valuing the pair at 0.0447. Conversely, the yearly low was recorded on August 4, dropping to 0.0418.

This high-to-low spread represents a total annual volatility of 0.0030 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0433 to the December average rate of 0.0441, the exchange rate registered a net change of 1.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0447 was down 2.14% compared to the 2013 peak of 0.0457, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 224 ILS

2013 Average 218 ILS

Yearly Trough Low 209 ILS

Transaction Impact: A difference of 14.83 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0442

0.0421

JanuMarcMayJulySeptNove

CVE 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 0.0434, compared to 0.0430 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0434

H2 Avg (Jul–Dec) 0.0430

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0017 ILS (High: 0.0447 / Low: 0.0430). On the other end, April was the most stable month, with a tight range of 0.0005 ILS (High: 0.0438 / Low: 0.0434).

December Spread (Volatile) ±0.0017

April Spread (Stable) ±0.0005

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 0.0006 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0006

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0441) against the same month in 2013 (average: 0.0436), the exchange rate shifted by +0.0004 (+0.99%).

2014 Avg (December) 0.0441

2013 Avg (December) 0.0436

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0436	0.0429	0.0433
February	0.0441	0.0432	0.0437
March	0.0442	0.0435	0.0438
April	0.0438	0.0434	0.0437
May	0.0438	0.0431	0.0434
June	0.0432	0.0425	0.0428
July	0.0427	0.0418	0.0423
August	0.0430	0.0418	0.0425
September	0.0429	0.0423	0.0426
October	0.0437	0.0421	0.0430
November	0.0442	0.0431	0.0435
December	0.0447	0.0430	0.0441