2023 FJD to ILS Historical Review

YEARLY HIGH

1.7833 ILS

YEARLY LOW

1.5554 ILS

YEARLY AVERAGE

1.6524 ILS

2023 FJD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 1.7833. Conversely, the yearly low was recorded on January 18, dropping to 1.5554.

This high-to-low spread represents a total annual volatility of 0.2279 ILS. From a start-to-finish perspective, comparing the January average rate of 1.5812 to the December average rate of 1.6539, the exchange rate registered a net change of 4.60% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.7833 was up 10.98% compared to the 2022 peak of 1.6069, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,916 ILS

2022 Average 7,671 ILS

Yearly Trough Low 7,777 ILS

Transaction Impact: A difference of 1,139.54 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.7603

1.5649

JanuMarcMayJulySeptNove

FJD 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 1.6258, compared to 1.6791 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0533 points.

H1 Avg (Jan–Jun) 1.6258

H2 Avg (Jul–Dec) 1.6791

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.1308 ILS (High: 1.7537 / Low: 1.6229). On the other end, September was the most stable month, with a tight range of 0.0316 ILS (High: 1.6904 / Low: 1.6588).

November Spread (Volatile) ±0.1308

September Spread (Stable) ±0.0316

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 0.0608 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0608

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 1.7440) against the same month in 2022 (average: 1.5349), the exchange rate shifted by +0.2091 (+13.62%).

2023 Avg (October) 1.7440

2022 Avg (October) 1.5349

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6067	1.5554	1.5812
February	1.6542	1.5596	1.6153
March	1.6597	1.5959	1.6301
April	1.6659	1.6251	1.6424
May	1.6674	1.6243	1.6497
June	1.6773	1.5963	1.6359
July	1.6749	1.6141	1.6529
August	1.6863	1.6130	1.6599
September	1.6904	1.6588	1.6806
October	1.7833	1.6574	1.7440
November	1.7537	1.6229	1.6832
December	1.6734	1.6396	1.6539