2011 ILS to SZL Historical Review

YEARLY HIGH

2.2656 SZL

YEARLY LOW

1.8624 SZL

YEARLY AVERAGE

2.0214 SZL

2011 ILS to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ILS to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on November 23, valuing the pair at 2.2656. Conversely, the yearly low was recorded on January 2, dropping to 1.8624.

This high-to-low spread represents a total annual volatility of 0.4032 SZL. From a start-to-finish perspective, comparing the January average rate of 1.9259 to the December average rate of 2.1676, the exchange rate registered a net change of 12.55% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.2656 was up 8.92% compared to the 2010 peak of 2.0801, 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 11,328 SZL

2010 Average 9,801 SZL

Yearly Trough Low 9,312 SZL

Transaction Impact: A difference of 2,016.02 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.2097

1.9002

JanuMarcMayJulySeptNove

ILS to SZL 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 1.9590, compared to 2.0838 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1248 points.

H1 Avg (Jan–Jun) 1.9590

H2 Avg (Jul–Dec) 2.0838

Volatility Range Comparison

Volatility

The most volatile month in 2011 was September, with a trading range of 0.2003 SZL (High: 2.1346 / Low: 1.9343). On the other end, June was the most stable month, with a tight range of 0.0373 SZL (High: 1.9995 / Low: 1.9621).

September Spread (Volatile) ±0.2003

June Spread (Stable) ±0.0373

Growth Streaks & Declines

Trends

Between July and November, 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 February and March, when the average rate fell by 0.0193 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0193

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2011: 2.1839) against the same month in 2010 (average: 1.9091), the exchange rate shifted by +0.2748 (+14.39%).

2011 Avg (November) 2.1839

2010 Avg (November) 1.9091

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9617	1.8624	1.9259
February	2.0140	1.9211	1.9621
March	1.9905	1.9103	1.9428
April	2.0037	1.9306	1.9625
May	2.0073	1.9330	1.9736
June	1.9995	1.9621	1.9872
July	2.0185	1.9535	1.9863
August	2.0370	1.9387	1.9944
September	2.1346	1.9343	2.0146
October	2.2261	2.0785	2.1563
November	2.2656	2.1199	2.1839
December	2.2104	2.1192	2.1676