2021 TRY to ILS Historical Review

YEARLY HIGH

0.4697 ILS

YEARLY LOW

0.1877 ILS

YEARLY AVERAGE

0.3755 ILS

2021 TRY to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2021

During 2021, the TRY to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on February 19, valuing the pair at 0.4697. Conversely, the yearly low was recorded on December 19, dropping to 0.1877.

This high-to-low spread represents a total annual volatility of 0.2820 ILS. From a start-to-finish perspective, comparing the January average rate of 0.4367 to the December average rate of 0.2359, the exchange rate registered a net change of -45.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2021 high of 0.4697 was down 21.69% compared to the 2020 peak of 0.5998, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 23,486 ILS

2020 Average 24,753 ILS

Yearly Trough Low 9,386 ILS

Transaction Impact: A difference of 14,100.30 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2021.

0.4835

0.2134

JanuMarcMayJulySeptNove

TRY 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 0.4159, compared to 0.3351 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0808 points.

H1 Avg (Jan–Jun) 0.4159

H2 Avg (Jul–Dec) 0.3351

Volatility Range Comparison

Volatility

The most volatile month in 2021 was December, with a trading range of 0.1070 ILS (High: 0.2947 / Low: 0.1877). On the other end, July was the most stable month, with a tight range of 0.0099 ILS (High: 0.3859 / Low: 0.3761).

December Spread (Volatile) ±0.1070

July Spread (Stable) ±0.0099

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2021. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0560 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0560

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2021: 0.4610) against the same month in 2020 (average: 0.5661), the exchange rate shifted by -0.1051 (-18.56%).

2021 Avg (February) 0.4610

2020 Avg (February) 0.5661

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4500	0.4229	0.4367
February	0.4697	0.4459	0.4610
March	0.4572	0.4006	0.4317
April	0.4103	0.3870	0.4009
May	0.3966	0.3789	0.3885
June	0.3879	0.3710	0.3768
July	0.3859	0.3761	0.3806
August	0.3859	0.3722	0.3803
September	0.3872	0.3601	0.3742
October	0.3648	0.3287	0.3479
November	0.3267	0.2332	0.2919
December	0.2947	0.1877	0.2359