2020 ILS to TOP Historical Review

YEARLY HIGH

0.7115 TOP

YEARLY LOW

0.6138 TOP

YEARLY AVERAGE

0.6695 TOP

2020 ILS to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the ILS to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 23, valuing the pair at 0.7115. Conversely, the yearly low was recorded on March 17, dropping to 0.6138.

This high-to-low spread represents a total annual volatility of 0.0977 TOP. From a start-to-finish perspective, comparing the January average rate of 0.6638 to the December average rate of 0.7038, the exchange rate registered a net change of 6.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.7115 was up 6.06% compared to the 2019 peak of 0.6709, 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 3,558 TOP

2019 Average 3,216 TOP

Yearly Trough Low 3,069 TOP

Transaction Impact: A difference of 488.61 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.7087

0.6497

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 0.6602, compared to 0.6789 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0187 points.

H1 Avg (Jan–Jun) 0.6602

H2 Avg (Jul–Dec) 0.6789

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0627 TOP (High: 0.6765 / Low: 0.6138). On the other end, July was the most stable month, with a tight range of 0.0079 TOP (High: 0.6678 / Low: 0.6599).

March Spread (Volatile) ±0.0627

July Spread (Stable) ±0.0079

Growth Streaks & Declines

Trends

Between April and August, 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 February and March, when the average rate fell by 0.0199 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0199

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2020: 0.7038) against the same month in 2019 (average: 0.6619), the exchange rate shifted by +0.0418 (+6.32%).

2020 Avg (December) 0.7038

2019 Avg (December) 0.6619

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6717	0.6577	0.6638
February	0.6806	0.6640	0.6746
March	0.6765	0.6138	0.6547
April	0.6636	0.6425	0.6546
May	0.6608	0.6521	0.6562
June	0.6664	0.6481	0.6573
July	0.6678	0.6599	0.6643
August	0.6773	0.6660	0.6711
September	0.6753	0.6561	0.6673
October	0.6882	0.6715	0.6818
November	0.6920	0.6803	0.6851
December	0.7115	0.6950	0.7038