2012 ILS to TOP Historical Review

YEARLY HIGH

0.4701 TOP

YEARLY LOW

0.4304 TOP

YEARLY AVERAGE

0.4512 TOP

2012 ILS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2012

During 2012, the ILS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on May 19, valuing the pair at 0.4701. Conversely, the yearly low was recorded on August 16, dropping to 0.4304.

This high-to-low spread represents a total annual volatility of 0.0396 TOP. From a start-to-finish perspective, comparing the January average rate of 0.4572 to the December average rate of 0.4605, the exchange rate registered a net change of 0.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2012 high of 0.4701 was down 13.82% compared to the 2011 peak of 0.5454, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,350 TOP

2011 Average 2,456 TOP

Yearly Trough Low 2,152 TOP

Transaction Impact: A difference of 198.17 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2012.

0.4629

0.4340

JanuMarcMayJulySeptNove

ILS to TOP 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 0.4552, compared to 0.4471 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0081 points.

H1 Avg (Jan–Jun) 0.4552

H2 Avg (Jul–Dec) 0.4471

Volatility Range Comparison

Volatility

The most volatile month in 2012 was November, with a trading range of 0.0312 TOP (High: 0.4621 / Low: 0.4309). On the other end, April was the most stable month, with a tight range of 0.0048 TOP (High: 0.4565 / Low: 0.4517).

November Spread (Volatile) ±0.0312

April Spread (Stable) ±0.0048

Growth Streaks & Declines

Trends

Between March and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.0139 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0139

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2012: 0.4588) against the same month in 2011 (average: 0.5097), the exchange rate shifted by -0.0508 (-9.98%).

2012 Avg (May) 0.4588

2011 Avg (May) 0.5097

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4641	0.4499	0.4572
February	0.4590	0.4460	0.4529
March	0.4551	0.4401	0.4484
April	0.4565	0.4517	0.4540
May	0.4701	0.4391	0.4588
June	0.4634	0.4528	0.4600
July	0.4591	0.4323	0.4460
August	0.4399	0.4304	0.4364
September	0.4473	0.4358	0.4420
October	0.4586	0.4405	0.4521
November	0.4621	0.4309	0.4457
December	0.4651	0.4549	0.4605