2014 SCR to ILS Historical Review

YEARLY HIGH

0.2932 ILS

YEARLY LOW

0.2649 ILS

YEARLY AVERAGE

0.2815 ILS

2014 SCR to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SCR to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.2932. Conversely, the yearly low was recorded on October 30, dropping to 0.2649.

This high-to-low spread represents a total annual volatility of 0.0283 ILS. From a start-to-finish perspective, comparing the January average rate of 0.2894 to the December average rate of 0.2811, the exchange rate registered a net change of -2.87% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.2932 was down 7.29% compared to the 2013 peak of 0.3163, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,466 ILS

2013 Average 1,495 ILS

Yearly Trough Low 1,324 ILS

Transaction Impact: A difference of 141.68 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.2917

0.2681

JanuMarcMayJulySeptNove

SCR 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 0.2865, compared to 0.2766 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0099 points.

H1 Avg (Jan–Jun) 0.2865

H2 Avg (Jul–Dec) 0.2766

Volatility Range Comparison

Volatility

The most volatile month in 2014 was December, with a trading range of 0.0177 ILS (High: 0.2932 / Low: 0.2755). On the other end, July was the most stable month, with a tight range of 0.0032 ILS (High: 0.2799 / Low: 0.2767).

December Spread (Volatile) ±0.0177

July Spread (Stable) ±0.0032

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2014. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0043 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.2811) against the same month in 2013 (average: 0.2904), the exchange rate shifted by -0.0093 (-3.20%).

2014 Avg (December) 0.2811

2013 Avg (December) 0.2904

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2912	0.2876	0.2894
February	0.2919	0.2880	0.2897
March	0.2914	0.2834	0.2866
April	0.2914	0.2830	0.2878
May	0.2895	0.2782	0.2841
June	0.2865	0.2774	0.2815
July	0.2799	0.2767	0.2783
August	0.2819	0.2748	0.2782
September	0.2809	0.2754	0.2780
October	0.2822	0.2649	0.2736
November	0.2743	0.2669	0.2701
December	0.2932	0.2755	0.2811