2023 ILS to HKD Historical Review

YEARLY HIGH

2.3282 HKD

YEARLY LOW

1.9177 HKD

YEARLY AVERAGE

2.1277 HKD

2023 ILS to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 2.3282. Conversely, the yearly low was recorded on October 26, dropping to 1.9177.

This high-to-low spread represents a total annual volatility of 0.4106 HKD. From a start-to-finish perspective, comparing the January average rate of 2.2712 to the December average rate of 2.1317, the exchange rate registered a net change of -6.14% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3282 was down 7.82% compared to the 2022 peak of 2.5257, 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 11,641 HKD

2022 Average 11,674 HKD

Yearly Trough Low 9,588 HKD

Transaction Impact: A difference of 2,052.79 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3015

1.9373

JanuMarcMayJulySeptNove

ILS to HKD 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 2.1840, compared to 2.0713 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1127 points.

H1 Avg (Jan–Jun) 2.1840

H2 Avg (Jul–Dec) 2.0713

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1739 HKD (High: 2.3137 / Low: 2.1397). On the other end, September was the most stable month, with a tight range of 0.0296 HKD (High: 2.0663 / Low: 2.0367).

February Spread (Volatile) ±0.1739

September Spread (Stable) ±0.0296

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 0.0841 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0841

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.2712) against the same month in 2022 (average: 2.4848), the exchange rate shifted by -0.2136 (-8.60%).

2023 Avg (January) 2.2712

2022 Avg (January) 2.4848

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3282	2.2000	2.2712
February	2.3137	2.1397	2.2152
March	2.2149	2.1383	2.1711
April	2.1953	2.1375	2.1596
May	2.1675	2.0968	2.1354
June	2.2007	2.0898	2.1516
July	2.1769	2.1010	2.1327
August	2.1434	2.0624	2.0904
September	2.0663	2.0367	2.0517
October	2.0556	1.9177	1.9676
November	2.1185	1.9487	2.0538
December	2.1691	2.0988	2.1317