2023 ILS to CNY Historical Review

YEARLY HIGH

2.0169 CNY

YEARLY LOW

1.7677 CNY

YEARLY AVERAGE

1.9206 CNY

2023 ILS to CNY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to CNY exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 2.0169. Conversely, the yearly low was recorded on October 29, dropping to 1.7677.

This high-to-low spread represents a total annual volatility of 0.2492 CNY. From a start-to-finish perspective, comparing the January average rate of 1.9723 to the December average rate of 1.9430, the exchange rate registered a net change of -1.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.0169 was down 4.55% compared to the 2022 peak of 2.1129, 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 10,084 CNY

2022 Average 10,019 CNY

Yearly Trough Low 8,838 CNY

Transaction Impact: A difference of 1,245.89 CNY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.9866

1.8146

JanuMarcMayJulySeptNove

ILS to CNY 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 1.9291, compared to 1.9120 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0171 points.

H1 Avg (Jan–Jun) 1.9291

H2 Avg (Jul–Dec) 1.9120

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.1257 CNY (High: 1.8934 / Low: 1.7677). On the other end, September was the most stable month, with a tight range of 0.0384 CNY (High: 1.9218 / Low: 1.8834).

October Spread (Volatile) ±0.1257

September Spread (Stable) ±0.0384

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 September and October, when the average rate fell by 0.0819 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0819

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1.9723) against the same month in 2022 (average: 2.0267), the exchange rate shifted by -0.0545 (-2.69%).

2023 Avg (January) 1.9723

2022 Avg (January) 2.0267

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0169	1.9379	1.9723
February	1.9857	1.8906	1.9316
March	1.9512	1.8758	1.9066
April	1.9242	1.8712	1.8947
May	1.9310	1.8884	1.9040
June	2.0134	1.8890	1.9654
July	2.0134	1.9200	1.9606
August	1.9738	1.8984	1.9335
September	1.9218	1.8834	1.9109
October	1.8934	1.7677	1.8290
November	1.9401	1.8228	1.8952
December	1.9776	1.9025	1.9430