2014 ILS to VEF Historical Review

YEARLY HIGH

1.8449 VEF

YEARLY LOW

1.5854 VEF

YEARLY AVERAGE

1.7632 VEF

2014 ILS to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ILS to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 1.8449. Conversely, the yearly low was recorded on December 3, dropping to 1.5854.

This high-to-low spread represents a total annual volatility of 0.2595 VEF. From a start-to-finish perspective, comparing the January average rate of 1.8012 to the December average rate of 1.6061, the exchange rate registered a net change of -10.84% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.8449 was up 1.76% compared to the 2013 peak of 1.8131, 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 9,225 VEF

2013 Average 8,108 VEF

Yearly Trough Low 7,927 VEF

Transaction Impact: A difference of 1,297.67 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.8611

1.5829

JanuMarcMayJulySeptNove

ILS to VEF 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 1.8083, compared to 1.7180 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0904 points.

H1 Avg (Jan–Jun) 1.8083

H2 Avg (Jul–Dec) 1.7180

Volatility Range Comparison

Volatility

The most volatile month in 2014 was August, with a trading range of 0.0843 VEF (High: 1.8439 / Low: 1.7596). On the other end, April was the most stable month, with a tight range of 0.0114 VEF (High: 1.8171 / Low: 1.8057).

August Spread (Volatile) ±0.0843

April Spread (Stable) ±0.0114

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 0.0659 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0659

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2014: 1.8379) against the same month in 2013 (average: 1.7467), the exchange rate shifted by +0.0912 (+5.22%).

2014 Avg (July) 1.8379

2013 Avg (July) 1.7467

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.8121	1.7919	1.8012
February	1.8011	1.7799	1.7897
March	1.8187	1.7985	1.8092
April	1.8171	1.8057	1.8106
May	1.8264	1.8047	1.8160
June	1.8372	1.8095	1.8233
July	1.8449	1.8298	1.8379
August	1.8439	1.7596	1.7989
September	1.7610	1.7107	1.7329
October	1.7186	1.6640	1.6892
November	1.6611	1.6157	1.6429
December	1.6218	1.5854	1.6061