2024 TRY to ILS Historical Review

YEARLY HIGH

0.1259 ILS

YEARLY LOW

0.1021 ILS

YEARLY AVERAGE

0.1128 ILS

2024 TRY to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the TRY to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 17, valuing the pair at 0.1259. Conversely, the yearly low was recorded on December 12, dropping to 0.1021.

This high-to-low spread represents a total annual volatility of 0.0238 ILS. From a start-to-finish perspective, comparing the January average rate of 0.1232 to the December average rate of 0.1035, the exchange rate registered a net change of -16.01% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.1259 was down 35.41% compared to the 2023 peak of 0.1950, 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 6,297 ILS

2023 Average 7,949 ILS

Yearly Trough Low 5,105 ILS

Transaction Impact: A difference of 1,192.16 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.1252

0.1015

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 0.1167, compared to 0.1088 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0079 points.

H1 Avg (Jan–Jun) 0.1167

H2 Avg (Jul–Dec) 0.1088

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0081 ILS (High: 0.1145 / Low: 0.1065). On the other end, May was the most stable month, with a tight range of 0.0024 ILS (High: 0.1159 / Low: 0.1135).

August Spread (Volatile) ±0.0081

May Spread (Stable) ±0.0024

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0050 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0050

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 0.1232) against the same month in 2023 (average: 0.1834), the exchange rate shifted by -0.0601 (-32.80%).

2024 Avg (January) 0.1232

2023 Avg (January) 0.1834

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1259	0.1199	0.1232
February	0.1205	0.1141	0.1183
March	0.1147	0.1117	0.1133
April	0.1177	0.1140	0.1161
May	0.1159	0.1135	0.1147
June	0.1163	0.1131	0.1145
July	0.1159	0.1092	0.1116
August	0.1145	0.1065	0.1104
September	0.1111	0.1065	0.1095
October	0.1114	0.1080	0.1099
November	0.1093	0.1048	0.1079
December	0.1051	0.1021	0.1035