2018 MAD to ILS Historical Review

YEARLY HIGH

0.3962 ILS

YEARLY LOW

0.3655 ILS

YEARLY AVERAGE

0.3829 ILS

2018 MAD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2018

During 2018, the MAD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on December 20, valuing the pair at 0.3962. Conversely, the yearly low was recorded on January 10, dropping to 0.3655.

This high-to-low spread represents a total annual volatility of 0.0307 ILS. From a start-to-finish perspective, comparing the January average rate of 0.3697 to the December average rate of 0.3935, the exchange rate registered a net change of 6.44% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2018 high of 0.3962 was up 3.17% compared to the 2017 peak of 0.3840, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MAD based on timing:

Yearly Peak High 1,981 ILS

2017 Average 1,854 ILS

Yearly Trough Low 1,828 ILS

Transaction Impact: A difference of 153.41 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2018.

0.3959

0.3674

JanuMarcMayJulySeptNove

MAD to ILS 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 0.3787, compared to 0.3870 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0083 points.

H1 Avg (Jan–Jun) 0.3787

H2 Avg (Jul–Dec) 0.3870

Volatility Range Comparison

Volatility

The most volatile month in 2018 was May, with a trading range of 0.0131 ILS (High: 0.3876 / Low: 0.3745). On the other end, July was the most stable month, with a tight range of 0.0049 ILS (High: 0.3882 / Low: 0.3833).

May Spread (Volatile) ±0.0131

July Spread (Stable) ±0.0049

Growth Streaks & Declines

Trends

Between September and December, 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 August and September, when the average rate fell by 0.0046 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0046

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2018: 0.3935) against the same month in 2017 (average: 0.3715), the exchange rate shifted by +0.0220 (+5.93%).

2018 Avg (December) 0.3935

2017 Avg (December) 0.3715

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3735	0.3655	0.3697
February	0.3877	0.3754	0.3806
March	0.3833	0.3742	0.3774
April	0.3883	0.3814	0.3841
May	0.3876	0.3745	0.3809
June	0.3856	0.3744	0.3796
July	0.3882	0.3833	0.3852
August	0.3915	0.3823	0.3865
September	0.3865	0.3796	0.3819
October	0.3893	0.3832	0.3857
November	0.3943	0.3851	0.3895
December	0.3962	0.3907	0.3935