2014 SVC to ILS Historical Review

YEARLY HIGH

0.4544 ILS

YEARLY LOW

0.3898 ILS

YEARLY AVERAGE

0.4088 ILS

2014 SVC to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the SVC to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 0.4544. Conversely, the yearly low was recorded on July 15, dropping to 0.3898.

This high-to-low spread represents a total annual volatility of 0.0646 ILS. From a start-to-finish perspective, comparing the January average rate of 0.3992 to the December average rate of 0.4490, the exchange rate registered a net change of 12.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.4544 was up 5.08% compared to the 2013 peak of 0.4324, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,272 ILS

2013 Average 2,063 ILS

Yearly Trough Low 1,949 ILS

Transaction Impact: A difference of 322.78 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.4547

0.3856

JanuMarcMayJulySeptNove

SVC 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 0.3978, compared to 0.4199 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0221 points.

H1 Avg (Jan–Jun) 0.3978

H2 Avg (Jul–Dec) 0.4199

Volatility Range Comparison

Volatility

The most volatile month in 2014 was August, with a trading range of 0.0180 ILS (High: 0.4081 / Low: 0.3901). On the other end, April was the most stable month, with a tight range of 0.0025 ILS (High: 0.3984 / Low: 0.3959).

August Spread (Volatile) ±0.0180

April Spread (Stable) ±0.0025

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 0.0043 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 0.4490) against the same month in 2013 (average: 0.4003), the exchange rate shifted by +0.0487 (+12.16%).

2014 Avg (December) 0.4490

2013 Avg (December) 0.4003

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4008	0.3965	0.3992
February	0.4051	0.3992	0.4020
March	0.4001	0.3952	0.3976
April	0.3984	0.3959	0.3971
May	0.3986	0.3934	0.3961
June	0.3976	0.3914	0.3947
July	0.3929	0.3898	0.3913
August	0.4081	0.3901	0.3997
September	0.4200	0.4076	0.4151
October	0.4331	0.4186	0.4261
November	0.4449	0.4331	0.4382
December	0.4544	0.4443	0.4490