2011 SVC to ILS Historical Review

YEARLY HIGH

0.4366 ILS

YEARLY LOW

0.3845 ILS

YEARLY AVERAGE

0.4091 ILS

2011 SVC to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the SVC to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.4366. Conversely, the yearly low was recorded on June 7, dropping to 0.3845.

This high-to-low spread represents a total annual volatility of 0.0521 ILS. From a start-to-finish perspective, comparing the January average rate of 0.4103 to the December average rate of 0.4316, 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 0.4366 was down 1.86% compared to the 2010 peak of 0.4449, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,183 ILS

2010 Average 2,134 ILS

Yearly Trough Low 1,922 ILS

Transaction Impact: A difference of 260.49 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

0.4358

0.3861

JanuMarcMayJulySeptNove

SVC 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 0.4024, compared to 0.4157 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0133 points.

H1 Avg (Jan–Jun) 0.4024

H2 Avg (Jul–Dec) 0.4157

Volatility Range Comparison

Volatility

The most volatile month in 2011 was August, with a trading range of 0.0220 ILS (High: 0.4126 / Low: 0.3905). On the other end, July was the most stable month, with a tight range of 0.0075 ILS (High: 0.3954 / Low: 0.3878).

August Spread (Volatile) ±0.0220

July Spread (Stable) ±0.0075

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 0.0154 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0154

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2011: 0.4316) against the same month in 2010 (average: 0.4119), the exchange rate shifted by +0.0197 (+4.78%).

2011 Avg (December) 0.4316

2010 Avg (December) 0.4119

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4245	0.4029	0.4103
February	0.4244	0.4121	0.4184
March	0.4152	0.3975	0.4074
April	0.3975	0.3873	0.3920
May	0.4043	0.3858	0.3960
June	0.3977	0.3845	0.3902
July	0.3954	0.3878	0.3905
August	0.4126	0.3905	0.4058
September	0.4279	0.4084	0.4214
October	0.4294	0.4105	0.4191
November	0.4346	0.4181	0.4261
December	0.4366	0.4264	0.4316