2011 ILS to BTN Historical Review

YEARLY HIGH

14.1185 BTN

YEARLY LOW

12.3039 BTN

YEARLY AVERAGE

13.0271 BTN

2011 ILS to BTN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ILS to BTN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 15, valuing the pair at 14.1185. Conversely, the yearly low was recorded on February 4, dropping to 12.3039.

This high-to-low spread represents a total annual volatility of 1.8146 BTN. From a start-to-finish perspective, comparing the January average rate of 12.6530 to the December average rate of 13.8945, the exchange rate registered a net change of 9.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 14.1185 was up 11.62% compared to the 2010 peak of 12.6491, 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 70,592 BTN

2010 Average 61,201 BTN

Yearly Trough Low 61,519 BTN

Transaction Impact: A difference of 9,073.01 BTN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

14.0426

12.2650

JanuMarcMayJulySeptNove

ILS to BTN 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 12.7857, compared to 13.2686 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4830 points.

H1 Avg (Jan–Jun) 12.7857

H2 Avg (Jul–Dec) 13.2686

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.8401 BTN (High: 13.3468 / Low: 12.5067). On the other end, August was the most stable month, with a tight range of 0.2382 BTN (High: 12.9074 / Low: 12.6692).

September Spread (Volatile) ±0.8401

August Spread (Stable) ±0.2382

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.2399 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.2399

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 13.8945) against the same month in 2010 (average: 12.5103), the exchange rate shifted by +1.3842 (+11.06%).

2011 Avg (December) 13.8945

2010 Avg (December) 12.5103

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.8579	12.3702	12.6530
February	12.5921	12.3039	12.4131
March	12.8217	12.3764	12.6157
April	13.0774	12.7833	12.9412
May	13.1392	12.7532	12.9581
June	13.2936	12.9039	13.1328
July	13.1361	12.8519	12.9941
August	12.9074	12.6692	12.7851
September	13.3468	12.5067	12.8937
October	13.7905	13.0840	13.4313
November	13.9664	13.2947	13.6131
December	14.1185	13.6188	13.8945