2011 PEN to ILS Historical Review

YEARLY HIGH

1.4162 ILS

YEARLY LOW

1.1885 ILS

YEARLY AVERAGE

1.2996 ILS

2011 PEN to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the PEN to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1.4162. Conversely, the yearly low was recorded on May 2, dropping to 1.1885.

This high-to-low spread represents a total annual volatility of 0.2276 ILS. From a start-to-finish perspective, comparing the January average rate of 1.2870 to the December average rate of 1.3999, the exchange rate registered a net change of 8.77% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.4162 was up 9.33% compared to the 2010 peak of 1.2953, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,081 ILS

2010 Average 6,214 ILS

Yearly Trough Low 5,943 ILS

Transaction Impact: A difference of 1,138.11 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.4181

1.2001

JanuMarcMayJulySeptNove

PEN 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 1.2652, compared to 1.3341 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0688 points.

H1 Avg (Jan–Jun) 1.2652

H2 Avg (Jul–Dec) 1.3341

Volatility Range Comparison

Volatility

The most volatile month in 2011 was May, with a trading range of 0.0930 ILS (High: 1.2815 / Low: 1.1885). On the other end, July was the most stable month, with a tight range of 0.0271 ILS (High: 1.2615 / Low: 1.2344).

May Spread (Volatile) ±0.0930

July Spread (Stable) ±0.0271

Growth Streaks & Declines

Trends

Between June and September, 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 March and April, when the average rate fell by 0.0648 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0648

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 1.3999) against the same month in 2010 (average: 1.1993), the exchange rate shifted by +0.2006 (+16.73%).

2011 Avg (December) 1.3999

2010 Avg (December) 1.1993

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.3380	1.2589	1.2870
February	1.3412	1.2982	1.3203
March	1.3084	1.2395	1.2830
April	1.2395	1.2005	1.2183
May	1.2815	1.1885	1.2473
June	1.2606	1.2063	1.2355
July	1.2615	1.2344	1.2460
August	1.3214	1.2469	1.2958
September	1.3673	1.3086	1.3441
October	1.3538	1.3254	1.3410
November	1.4029	1.3495	1.3775
December	1.4162	1.3820	1.3999