2023 BOB to ILS Historical Review

YEARLY HIGH

0.5901 ILS

YEARLY LOW

0.4868 ILS

YEARLY AVERAGE

0.5335 ILS

2023 BOB to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 0.5901. Conversely, the yearly low was recorded on January 23, dropping to 0.4868.

This high-to-low spread represents a total annual volatility of 0.1034 ILS. From a start-to-finish perspective, comparing the January average rate of 0.4984 to the December average rate of 0.5297, the exchange rate registered a net change of 6.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5901 was up 13.57% compared to the 2022 peak of 0.5196, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,951 ILS

2022 Average 2,436 ILS

Yearly Trough Low 2,434 ILS

Transaction Impact: A difference of 516.86 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5840

0.4906

JanuMarcMayJulySeptNove

BOB 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 0.5200, compared to 0.5471 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0271 points.

H1 Avg (Jan–Jun) 0.5200

H2 Avg (Jul–Dec) 0.5471

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0480 ILS (High: 0.5813 / Low: 0.5333). On the other end, September was the most stable month, with a tight range of 0.0080 ILS (High: 0.5572 / Low: 0.5492).

November Spread (Volatile) ±0.0480

September Spread (Stable) ±0.0080

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 0.0252 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0252

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.5762) against the same month in 2022 (average: 0.5124), the exchange rate shifted by +0.0638 (+12.45%).

2023 Avg (October) 0.5762

2022 Avg (October) 0.5124

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5137	0.4868	0.4984
February	0.5311	0.4907	0.5129
March	0.5365	0.5136	0.5240
April	0.5337	0.5164	0.5261
May	0.5408	0.5249	0.5314
June	0.5427	0.5141	0.5270
July	0.5403	0.5190	0.5311
August	0.5506	0.5260	0.5420
September	0.5572	0.5492	0.5525
October	0.5901	0.5502	0.5762
November	0.5813	0.5333	0.5511
December	0.5387	0.5201	0.5297