2014 RSD to ILS Historical Review

YEARLY HIGH

0.0420 ILS

YEARLY LOW

0.0388 ILS

YEARLY AVERAGE

0.0405 ILS

2014 RSD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the RSD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on March 30, valuing the pair at 0.0420. Conversely, the yearly low was recorded on October 5, dropping to 0.0388.

This high-to-low spread represents a total annual volatility of 0.0032 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0412 to the December average rate of 0.0398, the exchange rate registered a net change of -3.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.0420 was down 7.16% compared to the 2013 peak of 0.0453, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 210 ILS

2013 Average 212 ILS

Yearly Trough Low 194 ILS

Transaction Impact: A difference of 16.07 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.0418

0.0393

JanuMarcMayJulySeptNove

RSD 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 0.0413, compared to 0.0397 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0015 points.

H1 Avg (Jan–Jun) 0.0413

H2 Avg (Jul–Dec) 0.0397

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0018 ILS (High: 0.0407 / Low: 0.0389). On the other end, April was the most stable month, with a tight range of 0.0004 ILS (High: 0.0417 / Low: 0.0413).

December Spread (Volatile) ±0.0018

April Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between January and March, 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 June and July, when the average rate fell by 0.0008 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2014: 0.0416) against the same month in 2013 (average: 0.0427), the exchange rate shifted by -0.0012 (-2.74%).

2014 Avg (March) 0.0416

2013 Avg (March) 0.0427

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0417	0.0409	0.0412
February	0.0417	0.0409	0.0414
March	0.0420	0.0413	0.0416
April	0.0417	0.0413	0.0415
May	0.0416	0.0409	0.0412
June	0.0410	0.0403	0.0406
July	0.0405	0.0393	0.0399
August	0.0401	0.0392	0.0397
September	0.0398	0.0391	0.0395
October	0.0401	0.0388	0.0396
November	0.0402	0.0394	0.0398
December	0.0407	0.0389	0.0398