2013 ILS to TOP Historical Review

YEARLY HIGH

0.5358 TOP

YEARLY LOW

0.4610 TOP

YEARLY AVERAGE

0.4967 TOP

2013 ILS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2013

During 2013, the ILS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 0.5358. Conversely, the yearly low was recorded on January 9, dropping to 0.4610.

This high-to-low spread represents a total annual volatility of 0.0748 TOP. From a start-to-finish perspective, comparing the January average rate of 0.4642 to the December average rate of 0.5304, the exchange rate registered a net change of 14.26% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2013 high of 0.5358 was up 13.99% compared to the 2012 peak of 0.4701, 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 2,679 TOP

2012 Average 2,256 TOP

Yearly Trough Low 2,305 TOP

Transaction Impact: A difference of 373.92 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2013.

0.5370

0.4575

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 0.4770, compared to 0.5164 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0394 points.

H1 Avg (Jan–Jun) 0.4770

H2 Avg (Jul–Dec) 0.5164

Volatility Range Comparison

Volatility

The most volatile month in 2013 was June, with a trading range of 0.0409 TOP (High: 0.5126 / Low: 0.4717). On the other end, January was the most stable month, with a tight range of 0.0063 TOP (High: 0.4674 / Low: 0.4610).

June Spread (Volatile) ±0.0409

January Spread (Stable) ±0.0063

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0052 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0052

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2013: 0.5304) against the same month in 2012 (average: 0.4605), the exchange rate shifted by +0.0699 (+15.17%).

2013 Avg (December) 0.5304

2012 Avg (December) 0.4605

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4674	0.4610	0.4642
February	0.4711	0.4631	0.4682
March	0.4825	0.4620	0.4748
April	0.4848	0.4763	0.4809
May	0.4913	0.4723	0.4816
June	0.5126	0.4717	0.4925
July	0.5183	0.5077	0.5123
August	0.5239	0.5067	0.5180
September	0.5254	0.5057	0.5150
October	0.5154	0.5043	0.5098
November	0.5276	0.5044	0.5130
December	0.5358	0.5256	0.5304