2011 RSD to ILS Historical Review

YEARLY HIGH

0.0515 ILS

YEARLY LOW

0.0434 ILS

YEARLY AVERAGE

0.0490 ILS

2011 RSD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the RSD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 29, valuing the pair at 0.0515. Conversely, the yearly low was recorded on January 11, dropping to 0.0434.

This high-to-low spread represents a total annual volatility of 0.0081 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0458 to the December average rate of 0.0483, the exchange rate registered a net change of 5.57% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.0515 was down 9.44% compared to the 2010 peak of 0.0568, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 257 ILS

2010 Average 241 ILS

Yearly Trough Low 217 ILS

Transaction Impact: A difference of 40.46 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.0513

0.0453

JanuMarcMayJulySeptNove

RSD 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 0.0486, compared to 0.0493 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0007 points.

H1 Avg (Jan–Jun) 0.0486

H2 Avg (Jul–Dec) 0.0493

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.0052 ILS (High: 0.0485 / Low: 0.0434). On the other end, March was the most stable month, with a tight range of 0.0012 ILS (High: 0.0489 / Low: 0.0476).

January Spread (Volatile) ±0.0052

March Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between March and May, 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 June and July, when the average rate fell by 0.0015 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 0.0499) against the same month in 2010 (average: 0.0468), the exchange rate shifted by +0.0030 (+6.49%).

2011 Avg (August) 0.0499

2010 Avg (August) 0.0468

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0485	0.0434	0.0458
February	0.0491	0.0472	0.0484
March	0.0489	0.0476	0.0484
April	0.0507	0.0478	0.0490
May	0.0514	0.0497	0.0508
June	0.0512	0.0481	0.0494
July	0.0494	0.0466	0.0479
August	0.0515	0.0481	0.0499
September	0.0514	0.0491	0.0504
October	0.0510	0.0489	0.0501
November	0.0505	0.0485	0.0494
December	0.0490	0.0467	0.0483