2014 NPR to ILS Historical Review

YEARLY HIGH

0.0402 ILS

YEARLY LOW

0.0346 ILS

YEARLY AVERAGE

0.0366 ILS

2014 NPR to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the NPR to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 6, valuing the pair at 0.0402. Conversely, the yearly low was recorded on January 27, dropping to 0.0346.

This high-to-low spread represents a total annual volatility of 0.0056 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0352 to the December average rate of 0.0392, the exchange rate registered a net change of 11.38% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0402 was down 7.89% compared to the 2013 peak of 0.0437, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 201 ILS

2013 Average 194 ILS

Yearly Trough Low 173 ILS

Transaction Impact: A difference of 27.86 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0396

0.0348

JanuMarcMayJulySeptNove

NPR 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 0.0358, compared to 0.0374 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) 0.0358

H2 Avg (Jul–Dec) 0.0374

Volatility Range Comparison

Volatility

The most volatile month in 2014 was August, with a trading range of 0.0019 ILS (High: 0.0368 / Low: 0.0349). On the other end, July was the most stable month, with a tight range of 0.0004 ILS (High: 0.0358 / Low: 0.0354).

August Spread (Volatile) ±0.0019

July Spread (Stable) ±0.0004

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 June and July, when the average rate fell by 0.0005 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.0392) against the same month in 2013 (average: 0.0354), the exchange rate shifted by +0.0038 (+10.70%).

2014 Avg (December) 0.0392

2013 Avg (December) 0.0354

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0355	0.0346	0.0352
February	0.0355	0.0350	0.0353
March	0.0366	0.0351	0.0356
April	0.0364	0.0356	0.0360
May	0.0373	0.0358	0.0364
June	0.0367	0.0356	0.0361
July	0.0358	0.0354	0.0356
August	0.0368	0.0349	0.0359
September	0.0376	0.0366	0.0373
October	0.0386	0.0372	0.0379
November	0.0392	0.0384	0.0387
December	0.0402	0.0384	0.0392