2011 HNL to ILS Historical Review

YEARLY HIGH

0.2012 ILS

YEARLY LOW

0.1779 ILS

YEARLY AVERAGE

0.1892 ILS

2011 HNL to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the HNL to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.2012. Conversely, the yearly low was recorded on June 7, dropping to 0.1779.

This high-to-low spread represents a total annual volatility of 0.0233 ILS. From a start-to-finish perspective, comparing the January average rate of 0.1897 to the December average rate of 0.1992, the exchange rate registered a net change of 5.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.2012 was down 2.17% compared to the 2010 peak of 0.2057, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,006 ILS

2010 Average 987 ILS

Yearly Trough Low 890 ILS

Transaction Impact: A difference of 116.65 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.2011

0.1787

JanuMarcMayJulySeptNove

HNL 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 0.1861, compared to 0.1924 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0063 points.

H1 Avg (Jan–Jun) 0.1861

H2 Avg (Jul–Dec) 0.1924

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0103 ILS (High: 0.1916 / Low: 0.1813). On the other end, July was the most stable month, with a tight range of 0.0036 ILS (High: 0.1830 / Low: 0.1794).

August Spread (Volatile) ±0.0103

July Spread (Stable) ±0.0036

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 March and April, when the average rate fell by 0.0071 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0071

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.1992) against the same month in 2010 (average: 0.1905), the exchange rate shifted by +0.0088 (+4.60%).

2011 Avg (December) 0.1992

2010 Avg (December) 0.1905

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1963	0.1863	0.1897
February	0.1964	0.1905	0.1935
March	0.1922	0.1838	0.1885
April	0.1840	0.1792	0.1814
May	0.1869	0.1785	0.1832
June	0.1839	0.1779	0.1805
July	0.1830	0.1794	0.1807
August	0.1916	0.1813	0.1887
September	0.1980	0.1896	0.1953
October	0.1986	0.1893	0.1936
November	0.2010	0.1929	0.1968
December	0.2012	0.1971	0.1992