2014 HNL to ILS Historical Review

YEARLY HIGH

0.1880 ILS

YEARLY LOW

0.1627 ILS

YEARLY AVERAGE

0.1754 ILS

2014 HNL to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the HNL to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 6, valuing the pair at 0.1880. Conversely, the yearly low was recorded on July 15, dropping to 0.1627.

This high-to-low spread represents a total annual volatility of 0.0253 ILS. From a start-to-finish perspective, comparing the January average rate of 0.1742 to the December average rate of 0.1864, the exchange rate registered a net change of 7.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.1880 was down 3.53% compared to the 2013 peak of 0.1948, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 940 ILS

2013 Average 899 ILS

Yearly Trough Low 813 ILS

Transaction Impact: A difference of 126.37 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.1887

0.1611

JanuMarcMayJulySeptNove

HNL 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 0.1766, compared to 0.1741 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.1766

H2 Avg (Jul–Dec) 0.1741

Volatility Range Comparison

Volatility

The most volatile month in 2014 was May, with a trading range of 0.0146 ILS (High: 0.1825 / Low: 0.1679). On the other end, July was the most stable month, with a tight range of 0.0014 ILS (High: 0.1641 / Low: 0.1627).

May Spread (Volatile) ±0.0146

July Spread (Stable) ±0.0014

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 0.0147 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0147

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.1864) against the same month in 2013 (average: 0.1716), the exchange rate shifted by +0.0148 (+8.65%).

2014 Avg (December) 0.1864

2013 Avg (December) 0.1716

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1762	0.1712	0.1742
February	0.1797	0.1762	0.1781
March	0.1822	0.1779	0.1799
April	0.1822	0.1807	0.1815
May	0.1825	0.1679	0.1805
June	0.1682	0.1634	0.1657
July	0.1641	0.1627	0.1634
August	0.1694	0.1631	0.1666
September	0.1743	0.1693	0.1723
October	0.1780	0.1738	0.1756
November	0.1837	0.1781	0.1804
December	0.1880	0.1846	0.1864