2012 CVE to ILS Historical Review

YEARLY HIGH

0.0466 ILS

YEARLY LOW

0.0437 ILS

YEARLY AVERAGE

0.0448 ILS

2012 CVE to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the CVE to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 27, valuing the pair at 0.0466. Conversely, the yearly low was recorded on May 30, dropping to 0.0437.

This high-to-low spread represents a total annual volatility of 0.0029 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0445 to the December average rate of 0.0448, the exchange rate registered a net change of 0.74% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.0466 was down 1.39% compared to the 2011 peak of 0.0472, 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 233 ILS

2011 Average 226 ILS

Yearly Trough Low 218 ILS

Transaction Impact: A difference of 14.52 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.0461

0.0440

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 0.0446, compared to 0.0451 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0446

H2 Avg (Jul–Dec) 0.0451

Volatility Range Comparison

Volatility

The most volatile month in 2012 was August, with a trading range of 0.0019 ILS (High: 0.0456 / Low: 0.0437). On the other end, December was the most stable month, with a tight range of 0.0006 ILS (High: 0.0452 / Low: 0.0446).

August Spread (Volatile) ±0.0019

December Spread (Stable) ±0.0006

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 0.0007 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2012: 0.0460) against the same month in 2011 (average: 0.0461), the exchange rate shifted by -0.0001 (-0.25%).

2012 Avg (September) 0.0460

2011 Avg (September) 0.0461

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0453	0.0442	0.0445
February	0.0457	0.0442	0.0447
March	0.0455	0.0446	0.0450
April	0.0451	0.0443	0.0447
May	0.0452	0.0437	0.0444
June	0.0449	0.0437	0.0441
July	0.0452	0.0437	0.0443
August	0.0456	0.0437	0.0449
September	0.0466	0.0455	0.0460
October	0.0462	0.0448	0.0452
November	0.0458	0.0449	0.0453
December	0.0452	0.0446	0.0448