2023 ILS to DKK Historical Review

YEARLY HIGH

2.0408 DKK

YEARLY LOW

1.7212 DKK

YEARLY AVERAGE

1.8720 DKK

2023 ILS to DKK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to DKK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 18, valuing the pair at 2.0408. Conversely, the yearly low was recorded on October 23, dropping to 1.7212.

This high-to-low spread represents a total annual volatility of 0.3196 DKK. From a start-to-finish perspective, comparing the January average rate of 2.0031 to the December average rate of 1.8636, the exchange rate registered a net change of -6.96% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.0408 was down 11.09% compared to the 2022 peak of 2.2955, 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 10,204 DKK

2022 Average 10,534 DKK

Yearly Trough Low 8,606 DKK

Transaction Impact: A difference of 1,598.10 DKK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.0258

1.7529

JanuMarcMayJulySeptNove

ILS to DKK 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 1.9197, compared to 1.8243 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0954 points.

H1 Avg (Jan–Jun) 1.9197

H2 Avg (Jul–Dec) 1.8243

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.1317 DKK (High: 1.8529 / Low: 1.7212). On the other end, December was the most stable month, with a tight range of 0.0358 DKK (High: 1.8786 / Low: 1.8427).

October Spread (Volatile) ±0.1317

December Spread (Stable) ±0.0358

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 September and October, when the average rate fell by 0.0546 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0546

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.0031) against the same month in 2022 (average: 2.0960), the exchange rate shifted by -0.0929 (-4.43%).

2023 Avg (January) 2.0031

2022 Avg (January) 2.0960

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0408	1.9725	2.0031
February	2.0172	1.9136	1.9646
March	1.9695	1.8895	1.9238
April	1.9152	1.8427	1.8706
May	1.8969	1.8491	1.8686
June	1.9403	1.8398	1.8876
July	1.8557	1.8150	1.8384
August	1.8616	1.8010	1.8247
September	1.8528	1.8098	1.8303
October	1.8529	1.7212	1.7757
November	1.8445	1.7565	1.8133
December	1.8786	1.8427	1.8636