2020 MAD to ILS Historical Review

YEARLY HIGH

0.3985 ILS

YEARLY LOW

0.3481 ILS

YEARLY AVERAGE

0.3624 ILS

2020 MAD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2020

During 2020, the MAD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on March 17, valuing the pair at 0.3985. Conversely, the yearly low was recorded on April 6, dropping to 0.3481.

This high-to-low spread represents a total annual volatility of 0.0504 ILS. From a start-to-finish perspective, comparing the January average rate of 0.3601 to the December average rate of 0.3613, the exchange rate registered a net change of 0.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2020 high of 0.3985 was up 1.76% compared to the 2019 peak of 0.3916, 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 1,993 ILS

2019 Average 1,853 ILS

Yearly Trough Low 1,741 ILS

Transaction Impact: A difference of 252.10 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2020.

0.3732

0.3502

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 0.3587, compared to 0.3661 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0074 points.

H1 Avg (Jan–Jun) 0.3587

H2 Avg (Jul–Dec) 0.3661

Volatility Range Comparison

Volatility

The most volatile month in 2020 was March, with a trading range of 0.0484 ILS (High: 0.3985 / Low: 0.3501). On the other end, October was the most stable month, with a tight range of 0.0043 ILS (High: 0.3709 / Low: 0.3666).

March Spread (Volatile) ±0.0484

October Spread (Stable) ±0.0043

Growth Streaks & Declines

Trends

Between June and September, 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 March and April, when the average rate fell by 0.0186 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0186

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2020: 0.3708) against the same month in 2019 (average: 0.3764), the exchange rate shifted by -0.0056 (-1.49%).

2020 Avg (March) 0.3708

2019 Avg (March) 0.3764

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3626	0.3578	0.3601
February	0.3638	0.3513	0.3549
March	0.3985	0.3501	0.3708
April	0.3561	0.3481	0.3522
May	0.3592	0.3547	0.3571
June	0.3623	0.3532	0.3569
July	0.3653	0.3543	0.3593
August	0.3712	0.3647	0.3681
September	0.3770	0.3648	0.3713
October	0.3709	0.3666	0.3686
November	0.3701	0.3639	0.3678
December	0.3648	0.3504	0.3613