2011 ILS to ARS Historical Review

YEARLY HIGH

1.2180 ARS

YEARLY LOW

1.0774 ARS

YEARLY AVERAGE

1.1541 ARS

2011 ILS to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ILS to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on July 23, valuing the pair at 1.2180. Conversely, the yearly low was recorded on January 31, dropping to 1.0774.

This high-to-low spread represents a total annual volatility of 0.1406 ARS. From a start-to-finish perspective, comparing the January average rate of 1.1090 to the December average rate of 1.1352, the exchange rate registered a net change of 2.36% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.2180 was up 8.63% compared to the 2010 peak of 1.1212, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,090 ARS

2010 Average 5,239 ARS

Yearly Trough Low 5,387 ARS

Transaction Impact: A difference of 702.96 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.2162

1.0876

JanuMarcMayJulySeptNove

ILS to ARS 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 1.1504, compared to 1.1578 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0074 points.

H1 Avg (Jan–Jun) 1.1504

H2 Avg (Jul–Dec) 1.1578

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0604 ARS (High: 1.1796 / Low: 1.1193). On the other end, December was the most stable month, with a tight range of 0.0265 ARS (High: 1.1503 / Low: 1.1239).

October Spread (Volatile) ±0.0604

December Spread (Stable) ±0.0265

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0333 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0333

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2011: 1.2054) against the same month in 2010 (average: 1.0197), the exchange rate shifted by +0.1858 (+18.22%).

2011 Avg (July) 1.2054

2010 Avg (July) 1.0197

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1268	1.0774	1.1090
February	1.1154	1.0807	1.0983
March	1.1648	1.1095	1.1319
April	1.2046	1.1652	1.1850
May	1.2090	1.1535	1.1789
June	1.2157	1.1742	1.1992
July	1.2180	1.1853	1.2054
August	1.2095	1.1583	1.1731
September	1.1747	1.1232	1.1399
October	1.1796	1.1193	1.1508
November	1.1585	1.1218	1.1424
December	1.1503	1.1239	1.1352