2012 TND to ILS Historical Review

YEARLY HIGH

2.5741 ILS

YEARLY LOW

2.3990 ILS

YEARLY AVERAGE

2.4679 ILS

2012 TND to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the TND to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 4, valuing the pair at 2.5741. Conversely, the yearly low was recorded on May 27, dropping to 2.3990.

This high-to-low spread represents a total annual volatility of 0.1751 ILS. From a start-to-finish perspective, comparing the January average rate of 2.5180 to the December average rate of 2.4204, the exchange rate registered a net change of -3.88% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 2.5741 was down 2.73% compared to the 2011 peak of 2.6463, 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 12,870 ILS

2011 Average 12,716 ILS

Yearly Trough Low 11,995 ILS

Transaction Impact: A difference of 875.58 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2.5278

2.4107

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 2.4697, compared to 2.4660 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0037 points.

H1 Avg (Jan–Jun) 2.4697

H2 Avg (Jul–Dec) 2.4660

Volatility Range Comparison

Volatility

The most volatile month in 2012 was July, with a trading range of 0.0855 ILS (High: 2.5146 / Low: 2.4291). On the other end, December was the most stable month, with a tight range of 0.0355 ILS (High: 2.4370 / Low: 2.4015).

July Spread (Volatile) ±0.0855

December Spread (Stable) ±0.0355

Growth Streaks & Declines

Trends

Between May and September, 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 September and October, when the average rate fell by 0.0434 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0434

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2012: 2.5180) against the same month in 2011 (average: 2.5015), the exchange rate shifted by +0.0165 (+0.66%).

2012 Avg (January) 2.5180

2011 Avg (January) 2.5015

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5741	2.4912	2.5180
February	2.5276	2.4680	2.4902
March	2.5279	2.4687	2.4924
April	2.4842	2.4348	2.4584
May	2.4552	2.3990	2.4287
June	2.4786	2.4028	2.4303
July	2.5146	2.4291	2.4620
August	2.5218	2.4379	2.4904
September	2.5224	2.4814	2.5024
October	2.4795	2.4388	2.4590
November	2.4910	2.4250	2.4620
December	2.4370	2.4015	2.4204