2022 TOP to ILS Historical Review

YEARLY HIGH

1.5067 ILS

YEARLY LOW

1.3538 ILS

YEARLY AVERAGE

1.4406 ILS

2022 TOP to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the TOP to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on July 1, valuing the pair at 1.5067. Conversely, the yearly low was recorded on January 4, dropping to 1.3538.

This high-to-low spread represents a total annual volatility of 0.1528 ILS. From a start-to-finish perspective, comparing the January average rate of 1.3782 to the December average rate of 1.4730, the exchange rate registered a net change of 6.87% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 1.5067 was up 2.45% compared to the 2021 peak of 1.4707, 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 7,533 ILS

2021 Average 7,133 ILS

Yearly Trough Low 6,769 ILS

Transaction Impact: A difference of 764.22 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

1.4824

1.3687

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 1.4297, compared to 1.4514 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0217 points.

H1 Avg (Jan–Jun) 1.4297

H2 Avg (Jul–Dec) 1.4514

Volatility Range Comparison

Volatility

The most volatile month in 2022 was December, with a trading range of 0.0622 ILS (High: 1.5061 / Low: 1.4439). On the other end, April was the most stable month, with a tight range of 0.0340 ILS (High: 1.4481 / Low: 1.4141).

December Spread (Volatile) ±0.0622

April Spread (Stable) ±0.0340

Growth Streaks & Declines

Trends

Between August and December, 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 July and August, when the average rate fell by 0.0651 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0651

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2022: 1.4725) against the same month in 2021 (average: 1.4491), the exchange rate shifted by +0.0235 (+1.62%).

2022 Avg (July) 1.4725

2021 Avg (July) 1.4491

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.4086	1.3538	1.3782
February	1.4383	1.3943	1.4184
March	1.4539	1.4129	1.4322
April	1.4481	1.4141	1.4293
May	1.4847	1.4361	1.4547
June	1.4915	1.4423	1.4653
July	1.5067	1.4572	1.4725
August	1.4460	1.3864	1.4074
September	1.4710	1.4247	1.4461
October	1.4661	1.4320	1.4543
November	1.4812	1.4278	1.4553
December	1.5061	1.4439	1.4730