2023 GHS to ILS Historical Review

YEARLY HIGH

0.4219 ILS

YEARLY LOW

0.2700 ILS

YEARLY AVERAGE

0.3160 ILS

2023 GHS to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.4219. Conversely, the yearly low was recorded on January 24, dropping to 0.2700.

This high-to-low spread represents a total annual volatility of 0.1519 ILS. From a start-to-finish perspective, comparing the January average rate of 0.3041 to the December average rate of 0.3048, the exchange rate registered a net change of 0.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4219 was down 17.71% compared to the 2022 peak of 0.5127, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,110 ILS

2022 Average 1,973 ILS

Yearly Trough Low 1,350 ILS

Transaction Impact: A difference of 759.44 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3437

0.2784

JanuMarcMayJulySeptNove

GHS 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 0.3074, compared to 0.3245 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0171 points.

H1 Avg (Jan–Jun) 0.3074

H2 Avg (Jul–Dec) 0.3245

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.1519 ILS (High: 0.4219 / Low: 0.2700). On the other end, September was the most stable month, with a tight range of 0.0091 ILS (High: 0.3367 / Low: 0.3276).

January Spread (Volatile) ±0.1519

September Spread (Stable) ±0.0091

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0202 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0202

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3041) against the same month in 2022 (average: 0.5045), the exchange rate shifted by -0.2004 (-39.72%).

2023 Avg (January) 0.3041

2022 Avg (January) 0.5045

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4219	0.2700	0.3041
February	0.2902	0.2765	0.2839
March	0.3091	0.2828	0.2933
April	0.3372	0.3028	0.3181
May	0.3424	0.3070	0.3234
June	0.3366	0.3131	0.3216
July	0.3280	0.3108	0.3214
August	0.3374	0.3209	0.3321
September	0.3367	0.3276	0.3322
October	0.3455	0.3280	0.3383
November	0.3370	0.3070	0.3185
December	0.3101	0.3001	0.3048