2011 BND to ILS Historical Review

YEARLY HIGH

3.0451 ILS

YEARLY LOW

2.7157 ILS

YEARLY AVERAGE

2.8472 ILS

2011 BND to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the BND to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 8, valuing the pair at 3.0451. Conversely, the yearly low was recorded on April 13, dropping to 2.7157.

This high-to-low spread represents a total annual volatility of 0.3294 ILS. From a start-to-finish perspective, comparing the January average rate of 2.7875 to the December average rate of 2.9155, the exchange rate registered a net change of 4.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 3.0451 was up 6.99% compared to the 2010 peak of 2.8461, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,226 ILS

2010 Average 13,697 ILS

Yearly Trough Low 13,579 ILS

Transaction Impact: A difference of 1,646.92 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.9881

2.7284

JanuMarcMayJulySeptNove

BND 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 2.7966, compared to 2.8977 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1011 points.

H1 Avg (Jan–Jun) 2.7966

H2 Avg (Jul–Dec) 2.8977

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.1600 ILS (High: 2.8970 / Low: 2.7369). On the other end, December was the most stable month, with a tight range of 0.0459 ILS (High: 2.9448 / Low: 2.8989).

January Spread (Volatile) ±0.1600

December Spread (Stable) ±0.0459

Growth Streaks & Declines

Trends

Between June and September, 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 September and October, when the average rate fell by 0.0933 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0933

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 2.9665) against the same month in 2010 (average: 2.7953), the exchange rate shifted by +0.1711 (+6.12%).

2011 Avg (September) 2.9665

2010 Avg (September) 2.7953

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8970	2.7369	2.7875
February	2.9149	2.8193	2.8680
March	2.8580	2.7593	2.8098
April	2.7748	2.7157	2.7501
May	2.8375	2.7593	2.7995
June	2.8085	2.7311	2.7650
July	2.8500	2.7660	2.8079
August	2.9925	2.8393	2.9345
September	3.0451	2.8978	2.9665
October	2.9229	2.8480	2.8732
November	2.9391	2.8664	2.8889
December	2.9448	2.8989	2.9155