2014 GHS to ILS Historical Review

YEARLY HIGH

1.4987 ILS

YEARLY LOW

0.9099 ILS

YEARLY AVERAGE

1.1957 ILS

2014 GHS to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the GHS to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 1.4987. Conversely, the yearly low was recorded on August 19, dropping to 0.9099.

This high-to-low spread represents a total annual volatility of 0.5888 ILS. From a start-to-finish perspective, comparing the January average rate of 1.4655 to the December average rate of 1.2270, the exchange rate registered a net change of -16.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.4987 was down 25.17% compared to the 2013 peak of 2.0028, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,493 ILS

2013 Average 8,782 ILS

Yearly Trough Low 4,549 ILS

Transaction Impact: A difference of 2,943.88 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.5158

0.9121

JanuMarcMayJulySeptNove

GHS 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 1.2958, compared to 1.0956 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2002 points.

H1 Avg (Jan–Jun) 1.2958

H2 Avg (Jul–Dec) 1.0956

Volatility Range Comparison

Volatility

The most volatile month in 2014 was September, with a trading range of 0.1860 ILS (High: 1.1265 / Low: 0.9405). On the other end, December was the most stable month, with a tight range of 0.0252 ILS (High: 1.2409 / Low: 1.2156).

September Spread (Volatile) ±0.1860

December Spread (Stable) ±0.0252

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 June and July, when the average rate fell by 0.0951 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0951

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2014: 1.4655) against the same month in 2013 (average: 1.9651), the exchange rate shifted by -0.4996 (-25.42%).

2014 Avg (January) 1.4655

2013 Avg (January) 1.9651

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4987	1.4314	1.4655
February	1.4673	1.3594	1.4111
March	1.3659	1.2994	1.3415
April	1.2951	1.2256	1.2571
May	1.2238	1.1514	1.1900
June	1.1630	1.0465	1.1095
July	1.0518	0.9712	1.0144
August	1.0150	0.9099	0.9624
September	1.1265	0.9405	1.0222
October	1.1736	1.1214	1.1538
November	1.2185	1.1691	1.1936
December	1.2409	1.2156	1.2270