2015 ILS to TOP Historical Review

YEARLY HIGH

0.5916 TOP

YEARLY LOW

0.4966 TOP

YEARLY AVERAGE

0.5458 TOP

2015 ILS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the ILS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 0.5916. Conversely, the yearly low was recorded on March 8, dropping to 0.4966.

This high-to-low spread represents a total annual volatility of 0.0950 TOP. From a start-to-finish perspective, comparing the January average rate of 0.5022 to the December average rate of 0.5792, the exchange rate registered a net change of 15.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 0.5916 was up 8.27% compared to the 2014 peak of 0.5464, 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 2,958 TOP

2014 Average 2,640 TOP

Yearly Trough Low 2,483 TOP

Transaction Impact: A difference of 475.07 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

0.5871

0.4945

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 0.5180, compared to 0.5735 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0555 points.

H1 Avg (Jan–Jun) 0.5180

H2 Avg (Jul–Dec) 0.5735

Volatility Range Comparison

Volatility

The most volatile month in 2015 was June, with a trading range of 0.0416 TOP (High: 0.5729 / Low: 0.5312). On the other end, May was the most stable month, with a tight range of 0.0106 TOP (High: 0.5315 / Low: 0.5210).

June Spread (Volatile) ±0.0416

May Spread (Stable) ±0.0106

Growth Streaks & Declines

Trends

Between March and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between August and September, when the average rate fell by 0.0157 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0157

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 0.5792) against the same month in 2014 (average: 0.4994), the exchange rate shifted by +0.0798 (+15.97%).

2015 Avg (December) 0.5792

2014 Avg (December) 0.4994

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5084	0.4971	0.5022
February	0.5243	0.5013	0.5156
March	0.5122	0.4966	0.5040
April	0.5241	0.5078	0.5149
May	0.5315	0.5210	0.5245
June	0.5729	0.5312	0.5467
July	0.5883	0.5611	0.5704
August	0.5884	0.5652	0.5794
September	0.5772	0.5484	0.5636
October	0.5854	0.5683	0.5769
November	0.5796	0.5629	0.5717
December	0.5916	0.5728	0.5792