2012 TRY to ILS Historical Review

YEARLY HIGH

2.2615 ILS

YEARLY LOW

2.0197 ILS

YEARLY AVERAGE

2.1406 ILS

2012 TRY to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the TRY to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 13, valuing the pair at 2.2615. Conversely, the yearly low was recorded on January 1, dropping to 2.0197.

This high-to-low spread represents a total annual volatility of 0.2418 ILS. From a start-to-finish perspective, comparing the January average rate of 2.0690 to the December average rate of 2.1138, the exchange rate registered a net change of 2.17% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 2.2615 was down 3.16% compared to the 2011 peak of 2.3353, 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 113,077 ILS

2011 Average 106,852 ILS

Yearly Trough Low 100,985 ILS

Transaction Impact: A difference of 12,092.09 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

2.2507

2.0525

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 2.1067, compared to 2.1744 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0677 points.

H1 Avg (Jan–Jun) 2.1067

H2 Avg (Jul–Dec) 2.1744

Volatility Range Comparison

Volatility

The most volatile month in 2012 was March, with a trading range of 0.0973 ILS (High: 2.1551 / Low: 2.0578). On the other end, February was the most stable month, with a tight range of 0.0364 ILS (High: 2.1433 / Low: 2.1070).

March Spread (Volatile) ±0.0973

February Spread (Stable) ±0.0364

Growth Streaks & Declines

Trends

Between April and August, 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 November and December, when the average rate fell by 0.0599 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0599

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2012: 2.2341) against the same month in 2011 (average: 2.0215), the exchange rate shifted by +0.2127 (+10.52%).

2012 Avg (August) 2.2341

2011 Avg (August) 2.0215

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1109	2.0197	2.0690
February	2.1433	2.1070	2.1235
March	2.1551	2.0578	2.1028
April	2.1352	2.0747	2.0970
May	2.1557	2.0845	2.1158
June	2.1779	2.0905	2.1322
July	2.2445	2.1590	2.1997
August	2.2615	2.1991	2.2341
September	2.2169	2.1648	2.1879
October	2.1805	2.1091	2.1373
November	2.2032	2.1353	2.1737
December	2.1416	2.0822	2.1138