2012 VEF to ILS Historical Review

YEARLY HIGH

0.9506 ILS

YEARLY LOW

0.8631 ILS

YEARLY AVERAGE

0.8975 ILS

2012 VEF to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the VEF to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on July 26, valuing the pair at 0.9506. Conversely, the yearly low was recorded on February 5, dropping to 0.8631.

This high-to-low spread represents a total annual volatility of 0.0874 ILS. From a start-to-finish perspective, comparing the January average rate of 0.8869 to the December average rate of 0.8801, the exchange rate registered a net change of -0.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.9506 was up 6.85% compared to the 2011 peak of 0.8896, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,753 ILS

2011 Average 4,165 ILS

Yearly Trough Low 4,316 ILS

Transaction Impact: A difference of 437.23 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.9412

0.8638

JanuMarcMayJulySeptNove

VEF 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 0.8838, compared to 0.9113 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0275 points.

H1 Avg (Jan–Jun) 0.8838

H2 Avg (Jul–Dec) 0.9113

Volatility Range Comparison

Volatility

The most volatile month in 2012 was July, with a trading range of 0.0408 ILS (High: 0.9506 / Low: 0.9098). On the other end, April was the most stable month, with a tight range of 0.0103 ILS (High: 0.8769 / Low: 0.8665).

July Spread (Volatile) ±0.0408

April Spread (Stable) ±0.0103

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 0.0282 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0282

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2012: 0.9287) against the same month in 2011 (average: 0.7952), the exchange rate shifted by +0.1335 (+16.79%).

2012 Avg (July) 0.9287

2011 Avg (July) 0.7952

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8978	0.8701	0.8869
February	0.8792	0.8631	0.8702
March	0.8878	0.8659	0.8762
April	0.8769	0.8665	0.8727
May	0.9070	0.8769	0.8908
June	0.9187	0.8976	0.9058
July	0.9506	0.9098	0.9287
August	0.9445	0.9232	0.9347
September	0.9375	0.9059	0.9183
October	0.9111	0.8853	0.8975
November	0.9237	0.8893	0.9083
December	0.8922	0.8676	0.8801