2014 ILS to CVE Historical Review

YEARLY HIGH

23.9458 CVE

YEARLY LOW

22.3580 CVE

YEARLY AVERAGE

23.1408 CVE

2014 ILS to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ILS to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 23.9458. Conversely, the yearly low was recorded on December 2, dropping to 22.3580.

This high-to-low spread represents a total annual volatility of 1.5878 CVE. From a start-to-finish perspective, comparing the January average rate of 23.1100 to the December average rate of 22.7044, the exchange rate registered a net change of -1.76% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 23.9458 was up 0.65% compared to the 2013 peak of 23.7919, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 119,729 CVE

2013 Average 114,891 CVE

Yearly Trough Low 111,790 CVE

Transaction Impact: A difference of 7,938.94 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

23.7534

22.6090

JanuMarcMayJulySeptNove

ILS to CVE 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 23.0195, compared to 23.2622 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2427 points.

H1 Avg (Jan–Jun) 23.0195

H2 Avg (Jul–Dec) 23.2622

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.8956 CVE (High: 23.2537 / Low: 22.3580). On the other end, April was the most stable month, with a tight range of 0.2465 CVE (High: 23.0594 / Low: 22.8129).

December Spread (Volatile) ±0.8956

April Spread (Stable) ±0.2465

Growth Streaks & Declines

Trends

Between March and July, 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 October and November, when the average rate fell by 0.2713 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2713

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2014: 23.5443) against the same month in 2013 (average: 23.1054), the exchange rate shifted by +0.4389 (+1.90%).

2014 Avg (August) 23.5443

2013 Avg (August) 23.1054

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23.2997	22.9107	23.1100
February	23.1616	22.6963	22.8600
March	22.9950	22.6457	22.8165
April	23.0594	22.8129	22.8799
May	23.2080	22.8397	23.0612
June	23.5253	23.1481	23.3893
July	23.9146	23.4080	23.6581
August	23.9458	23.2478	23.5443
September	23.6436	23.3280	23.4491
October	23.7798	22.8992	23.2442
November	23.2105	22.6030	22.9730
December	23.2537	22.3580	22.7044