2023 ILS to CVE Historical Review

YEARLY HIGH

30.1839 CVE

YEARLY LOW

25.5458 CVE

YEARLY AVERAGE

27.7387 CVE

2023 ILS to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 30.1839. Conversely, the yearly low was recorded on October 23, dropping to 25.5458.

This high-to-low spread represents a total annual volatility of 4.6382 CVE. From a start-to-finish perspective, comparing the January average rate of 29.7601 to the December average rate of 27.6122, the exchange rate registered a net change of -7.22% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 30.1839 was down 11.64% compared to the 2022 peak of 34.1608, 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 150,920 CVE

2022 Average 156,486 CVE

Yearly Trough Low 127,729 CVE

Transaction Impact: A difference of 23,190.78 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

30.1090

25.9222

JanuMarcMayJulySeptNove

ILS to CVE 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 28.4656, compared to 27.0119 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.4537 points.

H1 Avg (Jan–Jun) 28.4656

H2 Avg (Jul–Dec) 27.0119

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 2.1095 CVE (High: 29.4390 / Low: 27.3295). On the other end, May was the most stable month, with a tight range of 0.6526 CVE (High: 28.0905 / Low: 27.4379).

June Spread (Volatile) ±2.1095

May Spread (Stable) ±0.6526

Growth Streaks & Declines

Trends

Between October and December, 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 0.8037 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.8037

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 29.7601) against the same month in 2022 (average: 31.1533), the exchange rate shifted by -1.3932 (-4.47%).

2023 Avg (January) 29.7601

2022 Avg (January) 31.1533

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	30.1839	29.2386	29.7601
February	29.8919	28.4004	29.0907
March	29.2510	27.9635	28.5095
April	28.2764	27.0435	27.7058
May	28.0905	27.4379	27.6977
June	29.4390	27.3295	28.0297
July	27.5897	26.7516	27.2319
August	27.6666	26.6767	27.0038
September	27.5054	26.7756	27.0600
October	27.4073	25.5458	26.2711
November	27.4421	25.9963	26.8923
December	28.1906	27.1961	27.6122