2023 CAD to ILS Historical Review

YEARLY HIGH

2.9686 ILS

YEARLY LOW

2.5016 ILS

YEARLY AVERAGE

2.7295 ILS

2023 CAD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CAD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 23, valuing the pair at 2.9686. Conversely, the yearly low was recorded on January 18, dropping to 2.5016.

This high-to-low spread represents a total annual volatility of 0.4671 ILS. From a start-to-finish perspective, comparing the January average rate of 2.5663 to the December average rate of 2.7322, the exchange rate registered a net change of 6.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.9686 was up 8.31% compared to the 2022 peak of 2.7408, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,843 ILS

2022 Average 12,899 ILS

Yearly Trough Low 12,508 ILS

Transaction Impact: A difference of 2,335.28 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.9349

2.5328

JanuMarcMayJulySeptNove

CAD 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 2.6635, compared to 2.7954 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1319 points.

H1 Avg (Jan–Jun) 2.6635

H2 Avg (Jul–Dec) 2.7954

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.1958 ILS (High: 2.9014 / Low: 2.7057). On the other end, December was the most stable month, with a tight range of 0.0415 ILS (High: 2.7540 / Low: 2.7125).

November Spread (Volatile) ±0.1958

December Spread (Stable) ±0.0415

Growth Streaks & Declines

Trends

Between January and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 9 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.1269 points.

Longest Streak 9 Mo.

Sharpest MoM Drop -0.1269

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 2.9014) against the same month in 2022 (average: 2.5842), the exchange rate shifted by +0.3172 (+12.27%).

2023 Avg (October) 2.9014

2022 Avg (October) 2.5842

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.6186	2.5016	2.5663
February	2.7006	2.5457	2.6334
March	2.6952	2.5806	2.6391
April	2.7474	2.6557	2.6893
May	2.7530	2.6679	2.7131
June	2.7999	2.6736	2.7402
July	2.8172	2.7253	2.7710
August	2.8124	2.7291	2.7769
September	2.8485	2.7867	2.8166
October	2.9686	2.8034	2.9014
November	2.9014	2.7057	2.7745
December	2.7540	2.7125	2.7322