2014 ILS to SVC Historical Review

YEARLY HIGH

2.5655 SVC

YEARLY LOW

2.2009 SVC

YEARLY AVERAGE

2.4507 SVC

2014 ILS to SVC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ILS to SVC exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 2.5655. Conversely, the yearly low was recorded on December 7, dropping to 2.2009.

This high-to-low spread represents a total annual volatility of 0.3645 SVC. From a start-to-finish perspective, comparing the January average rate of 2.5053 to the December average rate of 2.2274, the exchange rate registered a net change of -11.09% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 2.5655 was up 1.72% compared to the 2013 peak of 2.5221, 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 12,827 SVC

2013 Average 12,122 SVC

Yearly Trough Low 11,005 SVC

Transaction Impact: A difference of 1,822.54 SVC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

2.5883

2.1946

JanuMarcMayJulySeptNove

ILS to SVC 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 2.5141, compared to 2.3873 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1268 points.

H1 Avg (Jan–Jun) 2.5141

H2 Avg (Jul–Dec) 2.3873

Volatility Range Comparison

Volatility

The most volatile month in 2014 was August, with a trading range of 0.1133 SVC (High: 2.5638 / Low: 2.4504). On the other end, April was the most stable month, with a tight range of 0.0159 SVC (High: 2.5258 / Low: 2.5099).

August Spread (Volatile) ±0.1133

April Spread (Stable) ±0.0159

Growth Streaks & Declines

Trends

Between February and July, 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 August and September, when the average rate fell by 0.0928 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0928

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 2.5555) against the same month in 2013 (average: 2.4276), the exchange rate shifted by +0.1278 (+5.27%).

2014 Avg (July) 2.5555

2013 Avg (July) 2.4276

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5220	2.4951	2.5053
February	2.5051	2.4684	2.4878
March	2.5301	2.4993	2.5149
April	2.5258	2.5099	2.5182
May	2.5418	2.5088	2.5248
June	2.5548	2.5148	2.5338
July	2.5655	2.5449	2.5555
August	2.5638	2.4504	2.5022
September	2.4534	2.3810	2.4094
October	2.3888	2.3091	2.3472
November	2.3091	2.2476	2.2820
December	2.2506	2.2009	2.2274