2023 BND to ILS Historical Review

YEARLY HIGH

2.9728 ILS

YEARLY LOW

2.5492 ILS

YEARLY AVERAGE

2.7444 ILS

2023 BND to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 2.9728. Conversely, the yearly low was recorded on January 24, dropping to 2.5492.

This high-to-low spread represents a total annual volatility of 0.4237 ILS. From a start-to-finish perspective, comparing the January average rate of 2.5954 to the December average rate of 2.7501, the exchange rate registered a net change of 5.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.9728 was up 13.24% compared to the 2022 peak of 2.6253, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,864 ILS

2022 Average 12,178 ILS

Yearly Trough Low 12,746 ILS

Transaction Impact: A difference of 2,118.26 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.9382

2.5642

JanuMarcMayJulySeptNove

BND 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 2.6891, compared to 2.7998 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1107 points.

H1 Avg (Jan–Jun) 2.6891

H2 Avg (Jul–Dec) 2.7998

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.1818 ILS (High: 2.9728 / Low: 2.7910). On the other end, September was the most stable month, with a tight range of 0.0353 ILS (High: 2.8220 / Low: 2.7867).

October Spread (Volatile) ±0.1818

September Spread (Stable) ±0.0353

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 0.0867 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0867

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 2.9070) against the same month in 2022 (average: 2.4832), the exchange rate shifted by +0.4239 (+17.07%).

2023 Avg (October) 2.9070

2022 Avg (October) 2.4832

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6499	2.5492	2.5954
February	2.7263	2.5840	2.6608
March	2.7601	2.6401	2.6987
April	2.7816	2.6926	2.7327
May	2.7654	2.7075	2.7414
June	2.7786	2.6459	2.7057
July	2.7966	2.7062	2.7471
August	2.8119	2.7176	2.7727
September	2.8220	2.7867	2.8015
October	2.9728	2.7910	2.9070
November	2.9289	2.7582	2.8203
December	2.7879	2.7206	2.7501