2014 SAR to ILS Historical Review

YEARLY HIGH

1.0603 ILS

YEARLY LOW

0.9097 ILS

YEARLY AVERAGE

0.9538 ILS

2014 SAR to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SAR to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 1.0603. Conversely, the yearly low was recorded on July 15, dropping to 0.9097.

This high-to-low spread represents a total annual volatility of 0.1506 ILS. From a start-to-finish perspective, comparing the January average rate of 0.9314 to the December average rate of 1.0475, the exchange rate registered a net change of 12.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.0603 was up 5.23% compared to the 2013 peak of 1.0076, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,301 ILS

2013 Average 4,812 ILS

Yearly Trough Low 4,548 ILS

Transaction Impact: A difference of 752.94 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.0609

0.8995

JanuMarcMayJulySeptNove

SAR 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 0.9279, compared to 0.9796 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0518 points.

H1 Avg (Jan–Jun) 0.9279

H2 Avg (Jul–Dec) 0.9796

Volatility Range Comparison

Volatility

The most volatile month in 2014 was August, with a trading range of 0.0435 ILS (High: 0.9534 / Low: 0.9099). On the other end, April was the most stable month, with a tight range of 0.0056 ILS (High: 0.9290 / Low: 0.9234).

August Spread (Volatile) ±0.0435

April Spread (Stable) ±0.0056

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: 1.0475) against the same month in 2013 (average: 0.9339), the exchange rate shifted by +0.1135 (+12.16%).

2014 Avg (December) 1.0475

2013 Avg (December) 0.9339

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9361	0.9257	0.9314
February	0.9425	0.9314	0.9374
March	0.9328	0.9226	0.9274
April	0.9290	0.9234	0.9267
May	0.9296	0.9188	0.9240
June	0.9273	0.9132	0.9205
July	0.9167	0.9097	0.9130
August	0.9534	0.9099	0.9329
September	0.9813	0.9526	0.9694
October	1.0105	0.9763	0.9939
November	1.0379	1.0104	1.0212
December	1.0603	1.0388	1.0475