2011 BGN to ILS Historical Review

YEARLY HIGH

2.6625 ILS

YEARLY LOW

2.3466 ILS

YEARLY AVERAGE

2.5445 ILS

2011 BGN to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BGN to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 2.6625. Conversely, the yearly low was recorded on January 11, dropping to 2.3466.

This high-to-low spread represents a total annual volatility of 0.3159 ILS. From a start-to-finish perspective, comparing the January average rate of 2.4532 to the December average rate of 2.5429, the exchange rate registered a net change of 3.66% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.6625 was down 4.52% compared to the 2010 peak of 2.7885, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,313 ILS

2010 Average 12,656 ILS

Yearly Trough Low 11,733 ILS

Transaction Impact: A difference of 1,579.54 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.6159

2.4384

JanuMarcMayJulySeptNove

BGN 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 2.5244, compared to 2.5647 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0403 points.

H1 Avg (Jan–Jun) 2.5244

H2 Avg (Jul–Dec) 2.5647

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.2532 ILS (High: 2.5998 / Low: 2.3466). On the other end, June was the most stable month, with a tight range of 0.0330 ILS (High: 2.5300 / Low: 2.4970).

January Spread (Volatile) ±0.2532

June Spread (Stable) ±0.0330

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2011. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0388 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0388

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 2.6011) against the same month in 2010 (average: 2.5002), the exchange rate shifted by +0.1009 (+4.04%).

2011 Avg (August) 2.6011

2010 Avg (August) 2.5002

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5998	2.3466	2.4532
February	2.5999	2.4924	2.5540
March	2.5794	2.5194	2.5507
April	2.5770	2.5077	2.5345
May	2.5884	2.5080	2.5431
June	2.5300	2.4970	2.5107
July	2.5219	2.4720	2.4940
August	2.6625	2.5033	2.6011
September	2.6510	2.5480	2.5975
October	2.6028	2.5258	2.5707
November	2.5981	2.5610	2.5817
December	2.5893	2.5085	2.5429