2014 ILS to TOP Historical Review

YEARLY HIGH

0.5464 TOP

YEARLY LOW

0.4894 TOP

YEARLY AVERAGE

0.5280 TOP

2014 ILS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2014

During 2014, the ILS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 4, valuing the pair at 0.5464. Conversely, the yearly low was recorded on December 7, dropping to 0.4894.

This high-to-low spread represents a total annual volatility of 0.0570 TOP. From a start-to-finish perspective, comparing the January average rate of 0.5330 to the December average rate of 0.4994, the exchange rate registered a net change of -6.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2014 high of 0.5464 was up 1.98% compared to the 2013 peak of 0.5358, 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 2,732 TOP

2013 Average 2,484 TOP

Yearly Trough Low 2,447 TOP

Transaction Impact: A difference of 285.19 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2014.

0.5420

0.4955

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 0.5331, compared to 0.5230 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0101 points.

H1 Avg (Jan–Jun) 0.5331

H2 Avg (Jul–Dec) 0.5230

Volatility Range Comparison

Volatility

The most volatile month in 2014 was August, with a trading range of 0.0284 TOP (High: 0.5464 / Low: 0.5181). On the other end, June was the most stable month, with a tight range of 0.0059 TOP (High: 0.5415 / Low: 0.5356).

August Spread (Volatile) ±0.0284

June Spread (Stable) ±0.0059

Growth Streaks & Declines

Trends

Between April and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0198 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0198

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2014: 0.5311) against the same month in 2013 (average: 0.5180), the exchange rate shifted by +0.0132 (+2.54%).

2014 Avg (August) 0.5311

2013 Avg (August) 0.5180

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5363	0.5268	0.5330
February	0.5360	0.5282	0.5319
March	0.5385	0.5244	0.5337
April	0.5368	0.5201	0.5270
May	0.5381	0.5271	0.5348
June	0.5415	0.5356	0.5382
July	0.5436	0.5251	0.5381
August	0.5464	0.5181	0.5311
September	0.5314	0.5135	0.5241
October	0.5348	0.5202	0.5260
November	0.5271	0.5065	0.5192
December	0.5060	0.4894	0.4994