2023 GMD to ILS Historical Review

YEARLY HIGH

0.0635 ILS

YEARLY LOW

0.0535 ILS

YEARLY AVERAGE

0.0592 ILS

2023 GMD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on September 10, valuing the pair at 0.0635. Conversely, the yearly low was recorded on December 30, dropping to 0.0535.

This high-to-low spread represents a total annual volatility of 0.0100 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0555 to the December average rate of 0.0544, the exchange rate registered a net change of -2.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0635 was down 2.73% compared to the 2022 peak of 0.0653, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 318 ILS

2022 Average 304 ILS

Yearly Trough Low 267 ILS

Transaction Impact: A difference of 50.12 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0626

0.0537

JanuMarcMayJulySeptNove

GMD 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 0.0590, compared to 0.0595 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0590

H2 Avg (Jul–Dec) 0.0595

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0070 ILS (High: 0.0617 / Low: 0.0547). On the other end, December was the most stable month, with a tight range of 0.0018 ILS (High: 0.0553 / Low: 0.0535).

November Spread (Volatile) ±0.0070

December Spread (Stable) ±0.0018

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0038 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0038

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.0618) against the same month in 2022 (average: 0.0629), the exchange rate shifted by -0.0011 (-1.75%).

2023 Avg (September) 0.0618

2022 Avg (September) 0.0629

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0572	0.0539	0.0555
February	0.0601	0.0556	0.0580
March	0.0602	0.0572	0.0589
April	0.0607	0.0575	0.0588
May	0.0627	0.0604	0.0614
June	0.0630	0.0599	0.0612
July	0.0624	0.0602	0.0615
August	0.0627	0.0602	0.0618
September	0.0635	0.0586	0.0618
October	0.0621	0.0587	0.0606
November	0.0617	0.0547	0.0569
December	0.0553	0.0535	0.0544