2023 ILS to BGN Historical Review

YEARLY HIGH

0.5368 BGN

YEARLY LOW

0.4512 BGN

YEARLY AVERAGE

0.4913 BGN

2023 ILS to BGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to BGN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 18, valuing the pair at 0.5368. Conversely, the yearly low was recorded on October 23, dropping to 0.4512.

This high-to-low spread represents a total annual volatility of 0.0856 BGN. From a start-to-finish perspective, comparing the January average rate of 0.5267 to the December average rate of 0.4889, the exchange rate registered a net change of -7.18% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5368 was down 11.02% compared to the 2022 peak of 0.6032, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,684 BGN

2022 Average 2,769 BGN

Yearly Trough Low 2,256 BGN

Transaction Impact: A difference of 428.00 BGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5328

0.4594

JanuMarcMayJulySeptNove

ILS to BGN 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 0.5040, compared to 0.4785 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0255 points.

H1 Avg (Jan–Jun) 0.5040

H2 Avg (Jul–Dec) 0.4785

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.0346 BGN (High: 0.4858 / Low: 0.4512). On the other end, December was the most stable month, with a tight range of 0.0096 BGN (High: 0.4926 / Low: 0.4830).

October Spread (Volatile) ±0.0346

December Spread (Stable) ±0.0096

Growth Streaks & Declines

Trends

Between April and June, 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 March and April, when the average rate fell by 0.0148 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0148

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5267) against the same month in 2022 (average: 0.5510), the exchange rate shifted by -0.0243 (-4.40%).

2023 Avg (January) 0.5267

2022 Avg (January) 0.5510

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5368	0.5188	0.5267
February	0.5293	0.5025	0.5160
March	0.5191	0.4960	0.5051
April	0.4997	0.4825	0.4903
May	0.4978	0.4858	0.4904
June	0.5091	0.4833	0.4955
July	0.4872	0.4763	0.4825
August	0.4887	0.4728	0.4789
September	0.4858	0.4747	0.4800
October	0.4858	0.4512	0.4655
November	0.4840	0.4606	0.4756
December	0.4926	0.4830	0.4889