2023 ETB to ILS Historical Review

YEARLY HIGH

0.0734 ILS

YEARLY LOW

0.0627 ILS

YEARLY AVERAGE

0.0673 ILS

2023 ETB to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 21, valuing the pair at 0.0734. Conversely, the yearly low was recorded on January 24, dropping to 0.0627.

This high-to-low spread represents a total annual volatility of 0.0107 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0642 to the December average rate of 0.0652, the exchange rate registered a net change of 1.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0734 was up 8.12% compared to the 2022 peak of 0.0679, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 367 ILS

2022 Average 323 ILS

Yearly Trough Low 314 ILS

Transaction Impact: A difference of 53.28 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0723

0.0635

JanuMarcMayJulySeptNove

ETB 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 0.0665, compared to 0.0682 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0017 points.

H1 Avg (Jan–Jun) 0.0665

H2 Avg (Jul–Dec) 0.0682

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0059 ILS (High: 0.0721 / Low: 0.0662). On the other end, September was the most stable month, with a tight range of 0.0010 ILS (High: 0.0697 / Low: 0.0687).

November Spread (Volatile) ±0.0059

September Spread (Stable) ±0.0010

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 October and November, when the average rate fell by 0.0033 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0033

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0715) against the same month in 2022 (average: 0.0671), the exchange rate shifted by +0.0045 (+6.70%).

2023 Avg (October) 0.0715

2022 Avg (October) 0.0671

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0662	0.0627	0.0642
February	0.0682	0.0634	0.0660
March	0.0688	0.0658	0.0673
April	0.0680	0.0660	0.0671
May	0.0687	0.0668	0.0675
June	0.0690	0.0649	0.0667
July	0.0679	0.0654	0.0669
August	0.0691	0.0661	0.0680
September	0.0697	0.0687	0.0691
October	0.0734	0.0684	0.0715
November	0.0721	0.0662	0.0682
December	0.0668	0.0638	0.0652