2023 BGN to ILS Historical Review

YEARLY HIGH

2.2165 ILS

YEARLY LOW

1.8630 ILS

YEARLY AVERAGE

2.0381 ILS

2023 BGN to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 23, valuing the pair at 2.2165. Conversely, the yearly low was recorded on January 18, dropping to 1.8630.

This high-to-low spread represents a total annual volatility of 0.3535 ILS. From a start-to-finish perspective, comparing the January average rate of 1.8987 to the December average rate of 2.0456, the exchange rate registered a net change of 7.73% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.2165 was up 14.85% compared to the 2022 peak of 1.9299, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,082 ILS

2022 Average 9,034 ILS

Yearly Trough Low 9,315 ILS

Transaction Impact: A difference of 1,767.38 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.1745

1.8737

JanuMarcMayJulySeptNove

BGN 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 1.9858, compared to 2.0905 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1047 points.

H1 Avg (Jan–Jun) 1.9858

H2 Avg (Jul–Dec) 2.0905

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.1580 ILS (High: 2.2165 / Low: 2.0585). On the other end, December was the most stable month, with a tight range of 0.0406 ILS (High: 2.0706 / Low: 2.0300).

October Spread (Volatile) ±0.1580

December Spread (Stable) ±0.0406

Growth Streaks & Declines

Trends

Between January and April, 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 0.0576 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0576

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 2.1494) against the same month in 2022 (average: 1.7810), the exchange rate shifted by +0.3685 (+20.69%).

2023 Avg (October) 2.1494

2022 Avg (October) 1.7810

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9275	1.8630	1.8987
February	1.9899	1.8892	1.9384
March	2.0161	1.9265	1.9800
April	2.0726	2.0010	2.0396
May	2.0584	2.0087	2.0393
June	2.0693	1.9643	2.0186
July	2.0995	2.0526	2.0726
August	2.1152	2.0461	2.0885
September	2.1065	2.0586	2.0834
October	2.2165	2.0585	2.1494
November	2.1711	2.0661	2.1032
December	2.0706	2.0300	2.0456