2011 TRY to ILS Historical Review

YEARLY HIGH

2.3353 ILS

YEARLY LOW

1.9536 ILS

YEARLY AVERAGE

2.1382 ILS

2011 TRY to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2011

During 2011, the TRY to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 7, valuing the pair at 2.3353. Conversely, the yearly low was recorded on October 18, dropping to 1.9536.

This high-to-low spread represents a total annual volatility of 0.3818 ILS. From a start-to-finish perspective, comparing the January average rate of 2.2906 to the December average rate of 2.0200, the exchange rate registered a net change of -11.81% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2011 high of 2.3353 was down 9.40% compared to the 2010 peak of 2.5777, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 116,766 ILS

2010 Average 123,901 ILS

Yearly Trough Low 97,678 ILS

Transaction Impact: A difference of 19,088.10 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2011.

2.3326

1.9754

JanuMarcMayJulySeptNove

TRY 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 2.2397, compared to 2.0367 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2030 points.

H1 Avg (Jan–Jun) 2.2397

H2 Avg (Jul–Dec) 2.0367

Volatility Range Comparison

Volatility

The most volatile month in 2011 was July, with a trading range of 0.1285 ILS (High: 2.1082 / Low: 1.9797). On the other end, March was the most stable month, with a tight range of 0.0520 ILS (High: 2.2930 / Low: 2.2409).

July Spread (Volatile) ±0.1285

March Spread (Stable) ±0.0520

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2011. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0687 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0687

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2011: 2.3028) against the same month in 2010 (average: 2.4670), the exchange rate shifted by -0.1642 (-6.65%).

2011 Avg (February) 2.3028

2010 Avg (February) 2.4670

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3154	2.2434	2.2906
February	2.3353	2.2689	2.3028
March	2.2930	2.2409	2.2572
April	2.2846	2.2298	2.2559
May	2.2401	2.1500	2.1997
June	2.1690	2.0998	2.1323
July	2.1082	1.9797	2.0636
August	2.0700	1.9820	2.0215
September	2.0964	2.0071	2.0538
October	2.0672	1.9536	2.0051
November	2.0931	2.0135	2.0565
December	2.0585	1.9882	2.0200