2012 RSD to ILS Historical Review

YEARLY HIGH

0.0474 ILS

YEARLY LOW

0.0409 ILS

YEARLY AVERAGE

0.0439 ILS

2012 RSD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the RSD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 0.0474. Conversely, the yearly low was recorded on August 1, dropping to 0.0409.

This high-to-low spread represents a total annual volatility of 0.0064 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0468 to the December average rate of 0.0437, the exchange rate registered a net change of -6.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.0474 was down 7.93% compared to the 2011 peak of 0.0515, 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 237 ILS

2011 Average 245 ILS

Yearly Trough Low 205 ILS

Transaction Impact: A difference of 32.20 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.0473

0.0416

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 0.0445, compared to 0.0433 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0445

H2 Avg (Jul–Dec) 0.0433

Volatility Range Comparison

Volatility

The most volatile month in 2012 was May, with a trading range of 0.0036 ILS (High: 0.0447 / Low: 0.0411). On the other end, April was the most stable month, with a tight range of 0.0007 ILS (High: 0.0447 / Low: 0.0440).

May Spread (Volatile) ±0.0036

April Spread (Stable) ±0.0007

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 January and February, when the average rate fell by 0.0011 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0011

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2012: 0.0468) against the same month in 2011 (average: 0.0458), the exchange rate shifted by +0.0011 (+2.30%).

2012 Avg (January) 0.0468

2011 Avg (January) 0.0458

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0474	0.0465	0.0468
February	0.0466	0.0452	0.0457
March	0.0456	0.0445	0.0449
April	0.0447	0.0440	0.0443
May	0.0447	0.0411	0.0432
June	0.0430	0.0412	0.0422
July	0.0431	0.0416	0.0421
August	0.0429	0.0409	0.0422
September	0.0443	0.0427	0.0437
October	0.0446	0.0434	0.0439
November	0.0450	0.0438	0.0443
December	0.0442	0.0434	0.0437