2019 ILS to TOP Historical Review

YEARLY HIGH

0.6709 TOP

YEARLY LOW

0.6070 TOP

YEARLY AVERAGE

0.6431 TOP

2019 ILS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2019

During 2019, the ILS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 0.6709. Conversely, the yearly low was recorded on January 2, dropping to 0.6070.

This high-to-low spread represents a total annual volatility of 0.0638 TOP. From a start-to-finish perspective, comparing the January average rate of 0.6151 to the December average rate of 0.6619, the exchange rate registered a net change of 7.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2019 high of 0.6709 was up 0.93% compared to the 2018 peak of 0.6647, 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 3,354 TOP

2018 Average 3,163 TOP

Yearly Trough Low 3,035 TOP

Transaction Impact: A difference of 319.21 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2019.

0.6699

0.6101

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 0.6282, compared to 0.6580 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0299 points.

H1 Avg (Jan–Jun) 0.6282

H2 Avg (Jul–Dec) 0.6580

Volatility Range Comparison

Volatility

The most volatile month in 2019 was April, with a trading range of 0.0293 TOP (High: 0.6388 / Low: 0.6095). On the other end, March was the most stable month, with a tight range of 0.0087 TOP (High: 0.6293 / Low: 0.6206).

April Spread (Volatile) ±0.0293

March Spread (Stable) ±0.0087

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0030 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0030

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2019: 0.6650) against the same month in 2018 (average: 0.6193), the exchange rate shifted by +0.0457 (+7.38%).

2019 Avg (November) 0.6650

2018 Avg (November) 0.6193

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6235	0.6070	0.6151
February	0.6263	0.6173	0.6227
March	0.6293	0.6206	0.6253
April	0.6388	0.6095	0.6315
May	0.6429	0.6325	0.6382
June	0.6407	0.6316	0.6362
July	0.6556	0.6360	0.6427
August	0.6649	0.6523	0.6590
September	0.6697	0.6515	0.6588
October	0.6693	0.6539	0.6609
November	0.6709	0.6562	0.6650
December	0.6687	0.6572	0.6619