2016 ILS to TOP Historical Review

YEARLY HIGH

0.6090 TOP

YEARLY LOW

0.5636 TOP

YEARLY AVERAGE

0.5867 TOP

2016 ILS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the ILS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 26, valuing the pair at 0.6090. Conversely, the yearly low was recorded on January 17, dropping to 0.5636.

This high-to-low spread represents a total annual volatility of 0.0454 TOP. From a start-to-finish perspective, comparing the January average rate of 0.5714 to the December average rate of 0.5945, the exchange rate registered a net change of 4.04% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2016 high of 0.6090 was up 2.94% compared to the 2015 peak of 0.5916, 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 3,045 TOP

2015 Average 2,730 TOP

Yearly Trough Low 2,818 TOP

Transaction Impact: A difference of 227.25 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

0.6001

0.5688

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 0.5834, compared to 0.5899 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0065 points.

H1 Avg (Jan–Jun) 0.5834

H2 Avg (Jul–Dec) 0.5899

Volatility Range Comparison

Volatility

The most volatile month in 2016 was October, with a trading range of 0.0287 TOP (High: 0.6003 / Low: 0.5717). On the other end, September was the most stable month, with a tight range of 0.0061 TOP (High: 0.6003 / Low: 0.5943).

October Spread (Volatile) ±0.0287

September Spread (Stable) ±0.0061

Growth Streaks & Declines

Trends

Between January and April, 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 September and October, when the average rate fell by 0.0153 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0153

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2016: 0.5945) against the same month in 2015 (average: 0.5792), the exchange rate shifted by +0.0153 (+2.64%).

2016 Avg (December) 0.5945

2015 Avg (December) 0.5792

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5803	0.5636	0.5714
February	0.6023	0.5768	0.5829
March	0.5939	0.5771	0.5831
April	0.5968	0.5861	0.5909
May	0.5989	0.5828	0.5906
June	0.5928	0.5698	0.5816
July	0.6007	0.5793	0.5876
August	0.6007	0.5891	0.5950
September	0.6003	0.5943	0.5975
October	0.6003	0.5717	0.5821
November	0.5941	0.5707	0.5829
December	0.6090	0.5825	0.5945