2010 MAD to ILS Historical Review

YEARLY HIGH

0.4806 ILS

YEARLY LOW

0.4212 ILS

YEARLY AVERAGE

0.4438 ILS

2010 MAD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2010

During 2010, the MAD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.4806. Conversely, the yearly low was recorded on December 28, dropping to 0.4212.

This high-to-low spread represents a total annual volatility of 0.0593 ILS. From a start-to-finish perspective, comparing the January average rate of 0.4698 to the December average rate of 0.4273, the exchange rate registered a net change of -9.05% (reflecting a weakening trend).

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MAD based on timing:

Yearly Peak High 2,403 ILS

Yearly Average 2,219 ILS

Yearly Trough Low 2,106 ILS

Transaction Impact: A difference of 296.71 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2010.

0.4741

0.4231

JanuMarcMayJulySeptNove

MAD to ILS 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 0.4475, compared to 0.4401 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0074 points.

H1 Avg (Jan–Jun) 0.4475

H2 Avg (Jul–Dec) 0.4401

Volatility Range Comparison

Volatility

The most volatile month in 2010 was May, with a trading range of 0.0218 ILS (High: 0.4445 / Low: 0.4227). On the other end, February was the most stable month, with a tight range of 0.0069 ILS (High: 0.4610 / Low: 0.4541).

May Spread (Volatile) ±0.0218

February Spread (Stable) ±0.0069

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2010. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0165 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0165

Same-Month Historical Baseline

YoY Baseline

Historical data for the previous year (2009) is currently unavailable. Strongest month average for January 2010 is 0.4698.

2010 Avg (January) 0.4698

Baseline Avg N/A

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4806	0.4615	0.4698
February	0.4610	0.4541	0.4567
March	0.4605	0.4458	0.4533
April	0.4496	0.4399	0.4451
May	0.4445	0.4227	0.4321
June	0.4345	0.4229	0.4278
July	0.4493	0.4319	0.4441
August	0.4471	0.4349	0.4405
September	0.4446	0.4324	0.4382
October	0.4508	0.4425	0.4465
November	0.4524	0.4311	0.4439
December	0.4331	0.4212	0.4273