2011 SAR to ILS Historical Review

YEARLY HIGH

1.0185 ILS

YEARLY LOW

0.8970 ILS

YEARLY AVERAGE

0.9543 ILS

2011 SAR to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SAR to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 1.0185. Conversely, the yearly low was recorded on June 7, dropping to 0.8970.

This high-to-low spread represents a total annual volatility of 0.1215 ILS. From a start-to-finish perspective, comparing the January average rate of 0.9570 to the December average rate of 1.0069, the exchange rate registered a net change of 5.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 1.0185 was down 1.87% compared to the 2010 peak of 1.0379, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,092 ILS

2010 Average 4,979 ILS

Yearly Trough Low 4,485 ILS

Transaction Impact: A difference of 607.48 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

1.0166

0.9008

JanuMarcMayJulySeptNove

SAR 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 0.9388, compared to 0.9698 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0310 points.

H1 Avg (Jan–Jun) 0.9388

H2 Avg (Jul–Dec) 0.9698

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0518 ILS (High: 0.9627 / Low: 0.9109). On the other end, July was the most stable month, with a tight range of 0.0178 ILS (High: 0.9225 / Low: 0.9047).

August Spread (Volatile) ±0.0518

July Spread (Stable) ±0.0178

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 0.0358 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0358

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 1.0069) against the same month in 2010 (average: 0.9609), the exchange rate shifted by +0.0461 (+4.79%).

2011 Avg (December) 1.0069

2010 Avg (December) 0.9609

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9902	0.9399	0.9570
February	0.9908	0.9612	0.9762
March	0.9688	0.9274	0.9505
April	0.9277	0.9035	0.9147
May	0.9429	0.9000	0.9239
June	0.9280	0.8970	0.9105
July	0.9225	0.9047	0.9109
August	0.9627	0.9109	0.9465
September	0.9983	0.9527	0.9831
October	1.0016	0.9578	0.9776
November	1.0139	0.9754	0.9941
December	1.0185	0.9939	1.0069