2023 AWG to ILS Historical Review

YEARLY HIGH

2.2656 ILS

YEARLY LOW

1.8673 ILS

YEARLY AVERAGE

2.0465 ILS

2023 AWG to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AWG to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 2.2656. Conversely, the yearly low was recorded on January 23, dropping to 1.8673.

This high-to-low spread represents a total annual volatility of 0.3983 ILS. From a start-to-finish perspective, comparing the January average rate of 1.9122 to the December average rate of 2.0344, the exchange rate registered a net change of 6.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.2656 was up 13.89% compared to the 2022 peak of 1.9894, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,328 ILS

2022 Average 9,330 ILS

Yearly Trough Low 9,336 ILS

Transaction Impact: A difference of 1,991.69 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2390

1.8824

JanuMarcMayJulySeptNove

AWG 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 1.9941, compared to 2.0989 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1048 points.

H1 Avg (Jan–Jun) 1.9941

H2 Avg (Jul–Dec) 2.0989

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.1833 ILS (High: 2.2270 / Low: 2.0437). On the other end, September was the most stable month, with a tight range of 0.0275 ILS (High: 2.1364 / Low: 2.1089).

November Spread (Volatile) ±0.1833

September Spread (Stable) ±0.0275

Growth Streaks & Declines

Trends

Between January and May, 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 October and November, when the average rate fell by 0.0928 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0928

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 2.2093) against the same month in 2022 (average: 1.9664), the exchange rate shifted by +0.2429 (+12.35%).

2023 Avg (October) 2.2093

2022 Avg (October) 1.9664

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9704	1.8673	1.9122
February	2.0376	1.8836	1.9681
March	2.0373	1.9689	2.0076
April	2.0373	1.9836	2.0179
May	2.0721	2.0120	2.0377
June	2.0808	1.9720	2.0214
July	2.0627	1.9914	2.0347
August	2.1131	2.0202	2.0791
September	2.1364	2.1089	2.1196
October	2.2656	2.1137	2.2093
November	2.2270	2.0437	2.1165
December	2.0689	2.0000	2.0344