2023 BWP to ILS Historical Review

YEARLY HIGH

0.2969 ILS

YEARLY LOW

0.2627 ILS

YEARLY AVERAGE

0.2759 ILS

2023 BWP to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BWP to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 31, valuing the pair at 0.2969. Conversely, the yearly low was recorded on January 24, dropping to 0.2627.

This high-to-low spread represents a total annual volatility of 0.0342 ILS. From a start-to-finish perspective, comparing the January average rate of 0.2696 to the December average rate of 0.2713, the exchange rate registered a net change of 0.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2969 was up 3.47% compared to the 2022 peak of 0.2870, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,485 ILS

2022 Average 1,359 ILS

Yearly Trough Low 1,314 ILS

Transaction Impact: A difference of 171.09 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2917

0.2676

JanuMarcMayJulySeptNove

BWP 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 0.2724, compared to 0.2794 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0070 points.

H1 Avg (Jan–Jun) 0.2724

H2 Avg (Jul–Dec) 0.2794

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0218 ILS (High: 0.2942 / Low: 0.2724). On the other end, September was the most stable month, with a tight range of 0.0042 ILS (High: 0.2813 / Low: 0.2770).

November Spread (Volatile) ±0.0218

September Spread (Stable) ±0.0042

Growth Streaks & Declines

Trends

Between June and October, 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 November and December, when the average rate fell by 0.0101 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0101

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.2897) against the same month in 2022 (average: 0.2648), the exchange rate shifted by +0.0249 (+9.42%).

2023 Avg (October) 0.2897

2022 Avg (October) 0.2648

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2776	0.2627	0.2696
February	0.2762	0.2659	0.2708
March	0.2793	0.2665	0.2735
April	0.2821	0.2736	0.2770
May	0.2778	0.2677	0.2725
June	0.2752	0.2651	0.2709
July	0.2859	0.2728	0.2769
August	0.2824	0.2715	0.2775
September	0.2813	0.2770	0.2797
October	0.2969	0.2787	0.2897
November	0.2942	0.2724	0.2814
December	0.2747	0.2681	0.2713