2013 TND to ILS Historical Review

YEARLY HIGH

2.4205 ILS

YEARLY LOW

2.0920 ILS

YEARLY AVERAGE

2.2239 ILS

2013 TND to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the TND to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 30, valuing the pair at 2.4205. Conversely, the yearly low was recorded on December 15, dropping to 2.0920.

This high-to-low spread represents a total annual volatility of 0.3284 ILS. From a start-to-finish perspective, comparing the January average rate of 2.4030 to the December average rate of 2.1099, the exchange rate registered a net change of -12.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2013 high of 2.4205 was down 5.97% compared to the 2012 peak of 2.5741, 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 12,102 ILS

2012 Average 12,339 ILS

Yearly Trough Low 10,460 ILS

Transaction Impact: A difference of 1,642.15 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

2.4323

2.0806

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 2.2991, compared to 2.1486 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1505 points.

H1 Avg (Jan–Jun) 2.2991

H2 Avg (Jul–Dec) 2.1486

Volatility Range Comparison

Volatility

The most volatile month in 2013 was May, with a trading range of 0.0961 ILS (High: 2.2457 / Low: 2.1496). On the other end, October was the most stable month, with a tight range of 0.0242 ILS (High: 2.1687 / Low: 2.1445).

May Spread (Volatile) ±0.0961

October Spread (Stable) ±0.0242

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2013. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0592 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0592

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2013: 2.4030) against the same month in 2012 (average: 2.5180), the exchange rate shifted by -0.1150 (-4.57%).

2013 Avg (January) 2.4030

2012 Avg (January) 2.5180

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.4205	2.3877	2.4030
February	2.3994	2.3514	2.3712
March	2.3567	2.2791	2.3249
April	2.2900	2.2321	2.2657
May	2.2457	2.1496	2.2069
June	2.2475	2.1925	2.2231
July	2.2029	2.1538	2.1681
August	2.2258	2.1459	2.1714
September	2.2019	2.1386	2.1640
October	2.1687	2.1445	2.1563
November	2.1399	2.1135	2.1219
December	2.1263	2.0920	2.1099