2023 HRK to ILS Historical Review

YEARLY HIGH

0.5754 ILS

YEARLY LOW

0.4838 ILS

YEARLY AVERAGE

0.5289 ILS

2023 HRK to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HRK to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 23, valuing the pair at 0.5754. Conversely, the yearly low was recorded on January 18, dropping to 0.4838.

This high-to-low spread represents a total annual volatility of 0.0916 ILS. From a start-to-finish perspective, comparing the January average rate of 0.4931 to the December average rate of 0.5310, the exchange rate registered a net change of 7.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5754 was up 14.92% compared to the 2022 peak of 0.5007, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,877 ILS

2022 Average 2,345 ILS

Yearly Trough Low 2,419 ILS

Transaction Impact: A difference of 458.09 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5644

0.4866

JanuMarcMayJulySeptNove

HRK 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 0.5153, compared to 0.5426 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0273 points.

H1 Avg (Jan–Jun) 0.5153

H2 Avg (Jul–Dec) 0.5426

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.0413 ILS (High: 0.5754 / Low: 0.5341). On the other end, December was the most stable month, with a tight range of 0.0101 ILS (High: 0.5369 / Low: 0.5268).

October Spread (Volatile) ±0.0413

December Spread (Stable) ±0.0101

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 November and December, when the average rate fell by 0.0150 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0150

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.5579) against the same month in 2022 (average: 0.4626), the exchange rate shifted by +0.0953 (+20.61%).

2023 Avg (October) 0.5579

2022 Avg (October) 0.4626

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5011	0.4838	0.4931
February	0.5162	0.4897	0.5031
March	0.5231	0.5014	0.5137
April	0.5366	0.5163	0.5288
May	0.5347	0.5211	0.5290
June	0.5372	0.5098	0.5239
July	0.5449	0.5327	0.5379
August	0.5492	0.5314	0.5421
September	0.5470	0.5342	0.5407
October	0.5754	0.5341	0.5579
November	0.5639	0.5365	0.5460
December	0.5369	0.5268	0.5310