2012 SAR to ILS Historical Review

YEARLY HIGH

1.0878 ILS

YEARLY LOW

0.9888 ILS

YEARLY AVERAGE

1.0276 ILS

2012 SAR to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the SAR to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on July 26, valuing the pair at 1.0878. Conversely, the yearly low was recorded on February 8, dropping to 0.9888.

This high-to-low spread represents a total annual volatility of 0.0990 ILS. From a start-to-finish perspective, comparing the January average rate of 1.0156 to the December average rate of 1.0075, the exchange rate registered a net change of -0.80% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 1.0878 was up 6.81% compared to the 2011 peak of 1.0185, 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 5,439 ILS

2011 Average 4,771 ILS

Yearly Trough Low 4,944 ILS

Transaction Impact: A difference of 495.12 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

1.0773

0.9892

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 1.0120, compared to 1.0431 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0311 points.

H1 Avg (Jan–Jun) 1.0120

H2 Avg (Jul–Dec) 1.0431

Volatility Range Comparison

Volatility

The most volatile month in 2012 was July, with a trading range of 0.0453 ILS (High: 1.0878 / Low: 1.0425). On the other end, April was the most stable month, with a tight range of 0.0112 ILS (High: 1.0039 / Low: 0.9927).

July Spread (Volatile) ±0.0453

April Spread (Stable) ±0.0112

Growth Streaks & Declines

Trends

Between April and August, 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 November and December, when the average rate fell by 0.0323 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0323

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 1.0632) against the same month in 2011 (average: 0.9109), the exchange rate shifted by +0.1523 (+16.72%).

2012 Avg (July) 1.0632

2011 Avg (July) 0.9109

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0279	0.9960	1.0156
February	1.0066	0.9888	0.9965
March	1.0164	0.9912	1.0033
April	1.0039	0.9927	0.9993
May	1.0384	1.0038	1.0201
June	1.0518	1.0275	1.0372
July	1.0878	1.0425	1.0632
August	1.0809	1.0565	1.0700
September	1.0729	1.0375	1.0511
October	1.0427	1.0133	1.0274
November	1.0579	1.0177	1.0397
December	1.0211	0.9937	1.0075