2014 PEN to ILS Historical Review

YEARLY HIGH

1.3515 ILS

YEARLY LOW

1.2178 ILS

YEARLY AVERAGE

1.2596 ILS

2014 PEN to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the PEN to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 3, valuing the pair at 1.3515. Conversely, the yearly low was recorded on August 4, dropping to 1.2178.

This high-to-low spread represents a total annual volatility of 0.1336 ILS. From a start-to-finish perspective, comparing the January average rate of 1.2433 to the December average rate of 1.3271, the exchange rate registered a net change of 6.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.3515 was down 8.94% compared to the 2013 peak of 1.4842, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,757 ILS

2013 Average 6,690 ILS

Yearly Trough Low 6,089 ILS

Transaction Impact: A difference of 668.08 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.3369

1.2192

JanuMarcMayJulySeptNove

PEN 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 1.2424, compared to 1.2769 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0344 points.

H1 Avg (Jan–Jun) 1.2424

H2 Avg (Jul–Dec) 1.2769

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0458 ILS (High: 1.3515 / Low: 1.3056). On the other end, July was the most stable month, with a tight range of 0.0096 ILS (High: 1.2341 / Low: 1.2245).

December Spread (Volatile) ±0.0458

July Spread (Stable) ±0.0096

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 February and March, when the average rate fell by 0.0100 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0100

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.3271) against the same month in 2013 (average: 1.2571), the exchange rate shifted by +0.0700 (+5.56%).

2014 Avg (December) 1.3271

2013 Avg (December) 1.2571

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2504	1.2357	1.2433
February	1.2546	1.2439	1.2493
March	1.2466	1.2316	1.2393
April	1.2545	1.2341	1.2448
May	1.2563	1.2301	1.2419
June	1.2551	1.2214	1.2359
July	1.2341	1.2245	1.2290
August	1.2576	1.2178	1.2432
September	1.2774	1.2532	1.2686
October	1.3017	1.2654	1.2831
November	1.3351	1.2964	1.3102
December	1.3515	1.3056	1.3271