2011 TND to ILS Historical Review

YEARLY HIGH

2.6463 ILS

YEARLY LOW

2.4138 ILS

YEARLY AVERAGE

2.5434 ILS

2011 TND to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TND to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 29, valuing the pair at 2.6463. Conversely, the yearly low was recorded on January 11, dropping to 2.4138.

This high-to-low spread represents a total annual volatility of 0.2326 ILS. From a start-to-finish perspective, comparing the January average rate of 2.5015 to the December average rate of 2.5472, the exchange rate registered a net change of 1.83% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.6463 was down 7.80% compared to the 2010 peak of 2.8702, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,232 ILS

2010 Average 13,051 ILS

Yearly Trough Low 12,069 ILS

Transaction Impact: A difference of 1,162.96 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.6197

2.4664

JanuMarcMayJulySeptNove

TND 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 2.5251, compared to 2.5617 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0366 points.

H1 Avg (Jan–Jun) 2.5251

H2 Avg (Jul–Dec) 2.5617

Volatility Range Comparison

Volatility

The most volatile month in 2011 was January, with a trading range of 0.2246 ILS (High: 2.6383 / Low: 2.4138). On the other end, December was the most stable month, with a tight range of 0.0307 ILS (High: 2.5621 / Low: 2.5314).

January Spread (Volatile) ±0.2246

December Spread (Stable) ±0.0307

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0517 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0517

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2011: 2.5831) against the same month in 2010 (average: 2.5856), the exchange rate shifted by -0.0026 (-0.10%).

2011 Avg (August) 2.5831

2010 Avg (August) 2.5856

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6383	2.4138	2.5015
February	2.6256	2.5241	2.5825
March	2.5897	2.5154	2.5565
April	2.5315	2.4911	2.5048
May	2.5502	2.4910	2.5155
June	2.5175	2.4681	2.4901
July	2.5073	2.4655	2.4792
August	2.6463	2.4981	2.5831
September	2.6346	2.5849	2.6069
October	2.6056	2.5498	2.5808
November	2.5903	2.5481	2.5732
December	2.5621	2.5314	2.5472