2012 ILS to ARS Historical Review

YEARLY HIGH

1.3171 ARS

YEARLY LOW

1.1164 ARS

YEARLY AVERAGE

1.1801 ARS

2012 ILS to ARS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the ILS to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 27, valuing the pair at 1.3171. Conversely, the yearly low was recorded on January 4, dropping to 1.1164.

This high-to-low spread represents a total annual volatility of 0.2008 ARS. From a start-to-finish perspective, comparing the January average rate of 1.1340 to the December average rate of 1.2913, the exchange rate registered a net change of 13.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 1.3171 was up 8.14% compared to the 2011 peak of 1.2180, 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 6,586 ARS

2011 Average 5,772 ARS

Yearly Trough Low 5,582 ARS

Transaction Impact: A difference of 1,003.81 ARS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

1.3070

1.1183

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 1.1568, compared to 1.2034 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0466 points.

H1 Avg (Jan–Jun) 1.1568

H2 Avg (Jul–Dec) 1.2034

Volatility Range Comparison

Volatility

The most volatile month in 2012 was November, with a trading range of 0.0566 ARS (High: 1.2661 / Low: 1.2095). On the other end, April was the most stable month, with a tight range of 0.0105 ARS (High: 1.1772 / Low: 1.1667).

November Spread (Volatile) ±0.0566

April Spread (Stable) ±0.0105

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0110 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0110

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2012: 1.2913) against the same month in 2011 (average: 1.1352), the exchange rate shifted by +0.1561 (+13.76%).

2012 Avg (December) 1.2913

2011 Avg (December) 1.1352

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1608	1.1164	1.1340
February	1.1698	1.1542	1.1631
March	1.1756	1.1382	1.1574
April	1.1772	1.1667	1.1725
May	1.1717	1.1478	1.1621
June	1.1650	1.1206	1.1516
July	1.1554	1.1200	1.1407
August	1.1547	1.1350	1.1479
September	1.2025	1.1524	1.1845
October	1.2422	1.2012	1.2264
November	1.2661	1.2095	1.2295
December	1.3171	1.2663	1.2913