2023 CVE to ILS Historical Review

YEARLY HIGH

0.0391 ILS

YEARLY LOW

0.0331 ILS

YEARLY AVERAGE

0.0361 ILS

2023 CVE to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 23, valuing the pair at 0.0391. Conversely, the yearly low was recorded on January 24, dropping to 0.0331.

This high-to-low spread represents a total annual volatility of 0.0060 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0336 to the December average rate of 0.0362, the exchange rate registered a net change of 7.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0391 was up 14.92% compared to the 2022 peak of 0.0341, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 196 ILS

2022 Average 160 ILS

Yearly Trough Low 166 ILS

Transaction Impact: A difference of 30.08 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0385

0.0332

JanuMarcMayJulySeptNove

CVE 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 0.0352, compared to 0.0370 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0019 points.

H1 Avg (Jan–Jun) 0.0352

H2 Avg (Jul–Dec) 0.0370

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.0027 ILS (High: 0.0391 / Low: 0.0365). On the other end, May was the most stable month, with a tight range of 0.0008 ILS (High: 0.0364 / Low: 0.0356).

October Spread (Volatile) ±0.0027

May Spread (Stable) ±0.0008

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 November and December, when the average rate fell by 0.0010 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0381) against the same month in 2022 (average: 0.0314), the exchange rate shifted by +0.0067 (+21.24%).

2023 Avg (October) 0.0381

2022 Avg (October) 0.0314

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0342	0.0331	0.0336
February	0.0352	0.0335	0.0344
March	0.0358	0.0342	0.0351
April	0.0370	0.0354	0.0361
May	0.0364	0.0356	0.0361
June	0.0366	0.0340	0.0357
July	0.0374	0.0362	0.0367
August	0.0375	0.0361	0.0370
September	0.0373	0.0364	0.0370
October	0.0391	0.0365	0.0381
November	0.0385	0.0364	0.0372
December	0.0368	0.0355	0.0362