2023 BHD to ILS Historical Review

YEARLY HIGH

10.8166 ILS

YEARLY LOW

8.9235 ILS

YEARLY AVERAGE

9.7798 ILS

2023 BHD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BHD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 10.8166. Conversely, the yearly low was recorded on January 24, dropping to 8.9235.

This high-to-low spread represents a total annual volatility of 1.8931 ILS. From a start-to-finish perspective, comparing the January average rate of 9.1372 to the December average rate of 9.7176, the exchange rate registered a net change of 6.35% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 10.8166 was up 13.84% compared to the 2022 peak of 9.5019, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 54,083 ILS

2022 Average 44,545 ILS

Yearly Trough Low 44,617 ILS

Transaction Impact: A difference of 9,465.56 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

10.6965

8.9955

JanuMarcMayJulySeptNove

BHD 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 9.5337, compared to 10.0260 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.4924 points.

H1 Avg (Jan–Jun) 9.5337

H2 Avg (Jul–Dec) 10.0260

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.8697 ILS (High: 10.6438 / Low: 9.7740). On the other end, September was the most stable month, with a tight range of 0.1412 ILS (High: 10.2105 / Low: 10.0693).

November Spread (Volatile) ±0.8697

September Spread (Stable) ±0.1412

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 0.4623 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.4623

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 10.5548) against the same month in 2022 (average: 9.3892), the exchange rate shifted by +1.1655 (+12.41%).

2023 Avg (October) 10.5548

2022 Avg (October) 9.3892

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.4202	8.9235	9.1372
February	9.7624	8.9936	9.4099
March	9.8262	9.4001	9.5997
April	9.7881	9.4840	9.6495
May	9.9051	9.6174	9.7401
June	9.9657	9.4285	9.6654
July	9.9033	9.5214	9.7331
August	10.0887	9.6458	9.9319
September	10.2105	10.0693	10.1261
October	10.8166	10.0878	10.5548
November	10.6438	9.7740	10.0925
December	9.8806	9.5450	9.7176