2012 ARS to ILS Historical Review

YEARLY HIGH

0.8958 ILS

YEARLY LOW

0.7592 ILS

YEARLY AVERAGE

0.8486 ILS

2012 ARS to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the ARS to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.8958. Conversely, the yearly low was recorded on December 27, dropping to 0.7592.

This high-to-low spread represents a total annual volatility of 0.1365 ILS. From a start-to-finish perspective, comparing the January average rate of 0.8819 to the December average rate of 0.7746, the exchange rate registered a net change of -12.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.8958 was down 3.49% compared to the 2011 peak of 0.9281, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,479 ILS

2011 Average 4,335 ILS

Yearly Trough Low 3,796 ILS

Transaction Impact: A difference of 682.68 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.8927

0.7638

JanuMarcMayJulySeptNove

ARS 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 0.8646, compared to 0.8326 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0320 points.

H1 Avg (Jan–Jun) 0.8646

H2 Avg (Jul–Dec) 0.8326

Volatility Range Comparison

Volatility

The most volatile month in 2012 was November, with a trading range of 0.0370 ILS (High: 0.8268 / Low: 0.7898). On the other end, April was the most stable month, with a tight range of 0.0076 ILS (High: 0.8571 / Low: 0.8495).

November Spread (Volatile) ±0.0370

April Spread (Stable) ±0.0076

Growth Streaks & Declines

Trends

Between April and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0389 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0389

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2012: 0.8819) against the same month in 2011 (average: 0.9019), the exchange rate shifted by -0.0199 (-2.21%).

2012 Avg (January) 0.8819

2011 Avg (January) 0.9019

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8958	0.8615	0.8819
February	0.8664	0.8548	0.8598
March	0.8786	0.8506	0.8641
April	0.8571	0.8495	0.8529
May	0.8712	0.8534	0.8605
June	0.8924	0.8584	0.8684
July	0.8928	0.8655	0.8768
August	0.8811	0.8660	0.8712
September	0.8678	0.8316	0.8444
October	0.8325	0.8050	0.8155
November	0.8268	0.7898	0.8135
December	0.7897	0.7592	0.7746