2024 TOP to ILS Historical Review

YEARLY HIGH

1.6281 ILS

YEARLY LOW

1.4884 ILS

YEARLY AVERAGE

1.5625 ILS

2024 TOP to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TOP to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 4, valuing the pair at 1.6281. Conversely, the yearly low was recorded on December 9, dropping to 1.4884.

This high-to-low spread represents a total annual volatility of 0.1397 ILS. From a start-to-finish perspective, comparing the January average rate of 1.5744 to the December average rate of 1.5132, the exchange rate registered a net change of -3.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.6281 was down 3.83% compared to the 2023 peak of 1.6929, 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 8,141 ILS

2023 Average 7,801 ILS

Yearly Trough Low 7,442 ILS

Transaction Impact: A difference of 698.35 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.6020

1.5051

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 1.5616, compared to 1.5634 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0018 points.

H1 Avg (Jan–Jun) 1.5616

H2 Avg (Jul–Dec) 1.5634

Volatility Range Comparison

Volatility

The most volatile month in 2024 was October, with a trading range of 0.0739 ILS (High: 1.6281 / Low: 1.5542). On the other end, May was the most stable month, with a tight range of 0.0308 ILS (High: 1.5779 / Low: 1.5471).

October Spread (Volatile) ±0.0739

May Spread (Stable) ±0.0308

Growth Streaks & Declines

Trends

Between July and October, 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 November and December, when the average rate fell by 0.0428 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0428

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 1.5939) against the same month in 2023 (average: 1.6597), the exchange rate shifted by -0.0657 (-3.96%).

2024 Avg (October) 1.5939

2023 Avg (October) 1.6597

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6068	1.5402	1.5744
February	1.5616	1.5067	1.5390
March	1.5607	1.5028	1.5339
April	1.6037	1.5425	1.5765
May	1.5779	1.5471	1.5631
June	1.6004	1.5534	1.5824
July	1.5958	1.5291	1.5522
August	1.6084	1.5463	1.5741
September	1.6170	1.5527	1.5910
October	1.6281	1.5542	1.5939
November	1.5759	1.5176	1.5560
December	1.5386	1.4884	1.5132