2014 TRY to ILS Historical Review

YEARLY HIGH

1.7784 ILS

YEARLY LOW

1.4966 ILS

YEARLY AVERAGE

1.6351 ILS

2014 TRY to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the TRY to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 3, valuing the pair at 1.7784. Conversely, the yearly low was recorded on January 26, dropping to 1.4966.

This high-to-low spread represents a total annual volatility of 0.2818 ILS. From a start-to-finish perspective, comparing the January average rate of 1.5749 to the December average rate of 1.7135, the exchange rate registered a net change of 8.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2014 high of 1.7784 was down 16.36% compared to the 2013 peak of 2.1261, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 88,918 ILS

2013 Average 95,064 ILS

Yearly Trough Low 74,828 ILS

Transaction Impact: A difference of 14,090.47 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

1.7304

1.5570

JanuMarcMayJulySeptNove

TRY 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 1.6101, compared to 1.6602 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0501 points.

H1 Avg (Jan–Jun) 1.6101

H2 Avg (Jul–Dec) 1.6602

Volatility Range Comparison

Volatility

The most volatile month in 2014 was January, with a trading range of 0.1217 ILS (High: 1.6182 / Low: 1.4966). On the other end, July was the most stable month, with a tight range of 0.0333 ILS (High: 1.6354 / Low: 1.6021).

January Spread (Volatile) ±0.1217

July Spread (Stable) ±0.0333

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0270 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0270

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2014: 1.7135) against the same month in 2013 (average: 1.6949), the exchange rate shifted by +0.0186 (+1.10%).

2014 Avg (December) 1.7135

2013 Avg (December) 1.6949

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6182	1.4966	1.5749
February	1.6121	1.5479	1.5915
March	1.6245	1.5491	1.5714
April	1.6563	1.6218	1.6351
May	1.6736	1.6401	1.6572
June	1.6662	1.6048	1.6302
July	1.6354	1.6021	1.6160
August	1.6543	1.5931	1.6206
September	1.6690	1.6158	1.6425
October	1.7109	1.6071	1.6527
November	1.7588	1.6840	1.7160
December	1.7784	1.6581	1.7135