2011 CVE to ILS Historical Review

YEARLY HIGH

0.0472 ILS

YEARLY LOW

0.0416 ILS

YEARLY AVERAGE

0.0451 ILS

2011 CVE to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the CVE to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.0472. Conversely, the yearly low was recorded on January 11, dropping to 0.0416.

This high-to-low spread represents a total annual volatility of 0.0056 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0435 to the December average rate of 0.0451, the exchange rate registered a net change of 3.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0472 was down 4.52% compared to the 2010 peak of 0.0495, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 236 ILS

2010 Average 224 ILS

Yearly Trough Low 208 ILS

Transaction Impact: A difference of 28.02 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0464

0.0433

JanuMarcMayJulySeptNove

CVE 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 0.0448, compared to 0.0455 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0448

H2 Avg (Jul–Dec) 0.0455

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0045 ILS (High: 0.0461 / Low: 0.0416). On the other end, June was the most stable month, with a tight range of 0.0006 ILS (High: 0.0449 / Low: 0.0443).

January Spread (Volatile) ±0.0045

June Spread (Stable) ±0.0006

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 0.0007 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 0.0461) against the same month in 2010 (average: 0.0443), the exchange rate shifted by +0.0018 (+4.04%).

2011 Avg (August) 0.0461

2010 Avg (August) 0.0443

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0461	0.0416	0.0435
February	0.0461	0.0442	0.0453
March	0.0458	0.0447	0.0452
April	0.0457	0.0445	0.0450
May	0.0459	0.0445	0.0451
June	0.0449	0.0443	0.0445
July	0.0447	0.0438	0.0442
August	0.0472	0.0444	0.0461
September	0.0470	0.0452	0.0461
October	0.0462	0.0448	0.0456
November	0.0461	0.0454	0.0458
December	0.0460	0.0446	0.0451