2014 GEL to ILS Historical Review

YEARLY HIGH

2.2540 ILS

YEARLY LOW

1.9337 ILS

YEARLY AVERAGE

2.0320 ILS

2014 GEL to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GEL to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 2.2540. Conversely, the yearly low was recorded on July 5, dropping to 1.9337.

This high-to-low spread represents a total annual volatility of 0.3202 ILS. From a start-to-finish perspective, comparing the January average rate of 1.9816 to the December average rate of 2.2061, the exchange rate registered a net change of 11.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.2540 was down 1.08% compared to the 2013 peak of 2.2786, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,270 ILS

2013 Average 10,844 ILS

Yearly Trough Low 9,669 ILS

Transaction Impact: A difference of 1,601.08 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.2322

1.9190

JanuMarcMayJulySeptNove

GEL 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 1.9783, compared to 2.0858 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1074 points.

H1 Avg (Jan–Jun) 1.9783

H2 Avg (Jul–Dec) 2.0858

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.1118 ILS (High: 2.2540 / Low: 2.1422). On the other end, March was the most stable month, with a tight range of 0.0143 ILS (High: 1.9941 / Low: 1.9797).

December Spread (Volatile) ±0.1118

March Spread (Stable) ±0.0143

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 February and March, when the average rate fell by 0.0180 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0180

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 2.2061) against the same month in 2013 (average: 2.0216), the exchange rate shifted by +0.1844 (+9.12%).

2014 Avg (December) 2.2061

2013 Avg (December) 2.0216

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0039	1.9606	1.9816
February	2.0203	1.9795	2.0055
March	1.9941	1.9797	1.9876
April	1.9851	1.9595	1.9762
May	1.9804	1.9556	1.9653
June	1.9664	1.9382	1.9537
July	1.9661	1.9337	1.9451
August	2.0478	1.9560	2.0071
September	2.0951	2.0453	2.0747
October	2.1571	2.0817	2.1209
November	2.1758	2.1441	2.1607
December	2.2540	2.1422	2.2061