2011 SCR to ILS Historical Review

YEARLY HIGH

0.3052 ILS

YEARLY LOW

0.2703 ILS

YEARLY AVERAGE

0.2875 ILS

2011 SCR to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SCR to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 7, valuing the pair at 0.3052. Conversely, the yearly low was recorded on June 5, dropping to 0.2703.

This high-to-low spread represents a total annual volatility of 0.0349 ILS. From a start-to-finish perspective, comparing the January average rate of 0.2889 to the December average rate of 0.2832, the exchange rate registered a net change of -1.99% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 0.3052 was down 11.48% compared to the 2010 peak of 0.3448, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,526 ILS

2010 Average 1,539 ILS

Yearly Trough Low 1,351 ILS

Transaction Impact: A difference of 174.68 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.3017

0.2761

JanuMarcMayJulySeptNove

SCR 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 0.2856, compared to 0.2894 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0037 points.

H1 Avg (Jan–Jun) 0.2856

H2 Avg (Jul–Dec) 0.2894

Volatility Range Comparison

Volatility

The most volatile month in 2011 was October, with a trading range of 0.0227 ILS (High: 0.3034 / Low: 0.2807). On the other end, July was the most stable month, with a tight range of 0.0117 ILS (High: 0.2851 / Low: 0.2734).

October Spread (Volatile) ±0.0227

July Spread (Stable) ±0.0117

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 0.0094 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0094

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2011: 0.2995) against the same month in 2010 (average: 0.2967), the exchange rate shifted by +0.0029 (+0.97%).

2011 Avg (September) 0.2995

2010 Avg (September) 0.2967

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3028	0.2817	0.2889
February	0.3045	0.2890	0.2972
March	0.2986	0.2825	0.2895
April	0.2866	0.2717	0.2801
May	0.2864	0.2713	0.2798
June	0.2846	0.2703	0.2782
July	0.2851	0.2734	0.2794
August	0.2971	0.2751	0.2897
September	0.3052	0.2865	0.2995
October	0.3034	0.2807	0.2924
November	0.2973	0.2824	0.2920
December	0.2913	0.2730	0.2832