2014 ILS to RON Historical Review

YEARLY HIGH

0.9690 RON

YEARLY LOW

0.9011 RON

YEARLY AVERAGE

0.9366 RON

2014 ILS to RON Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ILS to RON exchange rate experienced significant fluctuation. The market reached its absolute peak on August 5, valuing the pair at 0.9690. Conversely, the yearly low was recorded on December 2, dropping to 0.9011.

This high-to-low spread represents a total annual volatility of 0.0679 RON. From a start-to-finish perspective, comparing the January average rate of 0.9502 to the December average rate of 0.9218, the exchange rate registered a net change of -2.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.9690 was up 1.70% compared to the 2013 peak of 0.9528, 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 4,845 RON

2013 Average 4,610 RON

Yearly Trough Low 4,506 RON

Transaction Impact: A difference of 339.33 RON purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.9540

0.9189

JanuMarcMayJulySeptNove

ILS to RON 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 0.9357, compared to 0.9374 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.9357

H2 Avg (Jul–Dec) 0.9374

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0474 RON (High: 0.9485 / Low: 0.9011). On the other end, April was the most stable month, with a tight range of 0.0114 RON (High: 0.9363 / Low: 0.9248).

December Spread (Volatile) ±0.0474

April Spread (Stable) ±0.0114

Growth Streaks & Declines

Trends

Between May and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0147 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0147

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2014: 0.9496) against the same month in 2013 (average: 0.9312), the exchange rate shifted by +0.0184 (+1.98%).

2014 Avg (August) 0.9496

2013 Avg (August) 0.9312

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9589	0.9370	0.9502
February	0.9491	0.9297	0.9355
March	0.9441	0.9276	0.9344
April	0.9363	0.9248	0.9294
May	0.9363	0.9232	0.9293
June	0.9414	0.9274	0.9353
July	0.9643	0.9361	0.9510
August	0.9690	0.9342	0.9496
September	0.9481	0.9350	0.9409
October	0.9556	0.9222	0.9345
November	0.9376	0.9125	0.9266
December	0.9485	0.9011	0.9218