YEARLY HIGH
1.4707 ILS
YEARLY LOW
1.3511 ILS
YEARLY AVERAGE
1.4265 ILS

2021 TOP to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TOP to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on March 14, valuing the pair at 1.4707. Conversely, the yearly low was recorded on December 16, dropping to 1.3511.

This high-to-low spread represents a total annual volatility of 0.1196 ILS. From a start-to-finish perspective, comparing the January average rate of 1.4168 to the December average rate of 1.3714, the exchange rate registered a net change of -3.20% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 1.4707 was down 9.73% compared to the 2020 peak of 1.6292, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,353 ILS
2020 Average 7,472 ILS
Yearly Trough Low 6,755 ILS
Transaction Impact: A difference of 597.95 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

1.4643
1.3629
JanuMarcMayJulySeptNove

TOP 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 1.4403, compared to 1.4126 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0277 points.

H1 Avg (Jan–Jun) 1.4403
H2 Avg (Jul–Dec) 1.4126

Volatility Range Comparison

Volatility

The most volatile month in 2021 was January, with a trading range of 0.0583 ILS (High: 1.4342 / Low: 1.3759). On the other end, September was the most stable month, with a tight range of 0.0162 ILS (High: 1.4308 / Low: 1.4146).

January Spread (Volatile) ±0.0583
September Spread (Stable) ±0.0162

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0427 points.

Longest Streak 2 Mo.
Sharpest MoM Drop -0.0427

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2021: 1.4545) against the same month in 2020 (average: 1.5283), the exchange rate shifted by -0.0737 (-4.82%).

2021 Avg (March) 1.4545
2020 Avg (March) 1.5283

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 1.4342 1.3759 1.4168
February 1.4583 1.4107 1.4265
March 1.4707 1.4385 1.4545
April 1.4551 1.4293 1.4410
May 1.4630 1.4331 1.4474
June 1.4672 1.4440 1.4558
July 1.4616 1.4264 1.4491
August 1.4334 1.4122 1.4244
September 1.4308 1.4146 1.4233
October 1.4361 1.4123 1.4253
November 1.4038 1.3612 1.3825
December 1.3868 1.3511 1.3714