2011 ILS to VEF Historical Review

YEARLY HIGH

1.2767 VEF

YEARLY LOW

1.1241 VEF

YEARLY AVERAGE

1.2019 VEF

2011 ILS to VEF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the ILS to VEF exchange rate experienced significant fluctuation. The market reached its absolute peak on June 7, valuing the pair at 1.2767. Conversely, the yearly low was recorded on December 30, dropping to 1.1241.

This high-to-low spread represents a total annual volatility of 0.1527 VEF. From a start-to-finish perspective, comparing the January average rate of 1.1974 to the December average rate of 1.1374, the exchange rate registered a net change of -5.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.2767 was up 5.19% compared to the 2010 peak of 1.2137, 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 6,384 VEF

2010 Average 5,677 VEF

Yearly Trough Low 5,620 VEF

Transaction Impact: A difference of 763.35 VEF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.2704

1.1254

JanuMarcMayJulySeptNove

ILS to VEF 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 1.2213, compared to 1.1826 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0386 points.

H1 Avg (Jan–Jun) 1.2213

H2 Avg (Jul–Dec) 1.1826

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0676 VEF (High: 1.2572 / Low: 1.1896). On the other end, July was the most stable month, with a tight range of 0.0260 VEF (High: 1.2674 / Low: 1.2414).

August Spread (Volatile) ±0.0676

July Spread (Stable) ±0.0260

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 July and August, when the average rate fell by 0.0471 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0471

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2011: 1.2583) against the same month in 2010 (average: 1.1152), the exchange rate shifted by +0.1431 (+12.84%).

2011 Avg (June) 1.2583

2010 Avg (June) 1.1152

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2184	1.1565	1.1974
February	1.1929	1.1558	1.1737
March	1.2349	1.1821	1.2054
April	1.2692	1.2349	1.2525
May	1.2726	1.2145	1.2402
June	1.2767	1.2340	1.2583
July	1.2674	1.2414	1.2576
August	1.2572	1.1896	1.2105
September	1.2020	1.1472	1.1655
October	1.1971	1.1433	1.1721
November	1.1740	1.1308	1.1526
December	1.1521	1.1241	1.1374