2023 HKD to ILS Historical Review

YEARLY HIGH

0.5215 ILS

YEARLY LOW

0.4295 ILS

YEARLY AVERAGE

0.4707 ILS

2023 HKD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 0.5215. Conversely, the yearly low was recorded on January 24, dropping to 0.4295.

This high-to-low spread represents a total annual volatility of 0.0920 ILS. From a start-to-finish perspective, comparing the January average rate of 0.4404 to the December average rate of 0.4692, the exchange rate registered a net change of 6.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5215 was up 14.15% compared to the 2022 peak of 0.4568, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 13,037 ILS

2022 Average 10,723 ILS

Yearly Trough Low 10,738 ILS

Transaction Impact: A difference of 2,298.89 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5153

0.4336

JanuMarcMayJulySeptNove

HKD 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 0.4582, compared to 0.4833 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0251 points.

H1 Avg (Jan–Jun) 0.4582

H2 Avg (Jul–Dec) 0.4833

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0411 ILS (High: 0.5132 / Low: 0.4720). On the other end, September was the most stable month, with a tight range of 0.0070 ILS (High: 0.4910 / Low: 0.4839).

November Spread (Volatile) ±0.0411

September Spread (Stable) ±0.0070

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 0.0213 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0213

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.5085) against the same month in 2022 (average: 0.4512), the exchange rate shifted by +0.0573 (+12.70%).

2023 Avg (October) 0.5085

2022 Avg (October) 0.4512

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4546	0.4295	0.4404
February	0.4673	0.4322	0.4517
March	0.4677	0.4515	0.4606
April	0.4678	0.4555	0.4631
May	0.4769	0.4614	0.4683
June	0.4785	0.4544	0.4649
July	0.4760	0.4594	0.4690
August	0.4849	0.4666	0.4785
September	0.4910	0.4839	0.4874
October	0.5215	0.4865	0.5085
November	0.5132	0.4720	0.4872
December	0.4765	0.4610	0.4692