2012 ILS to MAD Historical Review

YEARLY HIGH

2.2882 MAD

YEARLY LOW

2.1733 MAD

YEARLY AVERAGE

2.2413 MAD

2012 ILS to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the ILS to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 2.2882. Conversely, the yearly low was recorded on September 13, dropping to 2.1733.

This high-to-low spread represents a total annual volatility of 0.1150 MAD. From a start-to-finish perspective, comparing the January average rate of 2.2617 to the December average rate of 2.2480, the exchange rate registered a net change of -0.61% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 2.2882 was down 5.43% compared to the 2011 peak of 2.4197, 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 11,441 MAD

2011 Average 11,315 MAD

Yearly Trough Low 10,866 MAD

Transaction Impact: A difference of 574.83 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2.2736

2.1815

JanuMarcMayJulySeptNove

ILS to MAD 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 2.2589, compared to 2.2237 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0353 points.

H1 Avg (Jan–Jun) 2.2589

H2 Avg (Jul–Dec) 2.2237

Volatility Range Comparison

Volatility

The most volatile month in 2012 was August, with a trading range of 0.0836 MAD (High: 2.2644 / Low: 2.1807). On the other end, December was the most stable month, with a tight range of 0.0321 MAD (High: 2.2648 / Low: 2.2327).

August Spread (Volatile) ±0.0836

December Spread (Stable) ±0.0321

Growth Streaks & Declines

Trends

Between March and June, 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 July and August, when the average rate fell by 0.0293 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0293

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2012: 2.2571) against the same month in 2011 (average: 2.2467), the exchange rate shifted by +0.0104 (+0.46%).

2012 Avg (February) 2.2571

2011 Avg (February) 2.2467

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2745	2.2305	2.2617
February	2.2882	2.2094	2.2571
March	2.2589	2.2210	2.2454
April	2.2819	2.2451	2.2601
May	2.2876	2.2351	2.2634
June	2.2836	2.2353	2.2659
July	2.2725	2.1985	2.2456
August	2.2644	2.1807	2.2162
September	2.2080	2.1733	2.1892
October	2.2433	2.2039	2.2244
November	2.2420	2.1902	2.2186
December	2.2648	2.2327	2.2480