2023 ILS to INR Historical Review

YEARLY HIGH

24.2583 INR

YEARLY LOW

20.4220 INR

YEARLY AVERAGE

22.4350 INR

2023 ILS to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 24.2583. Conversely, the yearly low was recorded on October 26, dropping to 20.4220.

This high-to-low spread represents a total annual volatility of 3.8363 INR. From a start-to-finish perspective, comparing the January average rate of 23.7327 to the December average rate of 22.7216, the exchange rate registered a net change of -4.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 24.2583 was down 1.48% compared to the 2022 peak of 24.6226, 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 121,292 INR

2022 Average 117,048 INR

Yearly Trough Low 102,110 INR

Transaction Impact: A difference of 19,181.72 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

24.0134

20.6455

JanuMarcMayJulySeptNove

ILS to INR 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 22.8929, compared to 21.9771 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9158 points.

H1 Avg (Jan–Jun) 22.8929

H2 Avg (Jul–Dec) 21.9771

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.8957 INR (High: 22.6358 / Low: 20.7401). On the other end, September was the most stable month, with a tight range of 0.2682 INR (High: 21.8602 / Low: 21.5920).

November Spread (Volatile) ±1.8957

September Spread (Stable) ±0.2682

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 0.8337 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.8337

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 23.7327) against the same month in 2022 (average: 23.7419), the exchange rate shifted by -0.0092 (-0.04%).

2023 Avg (January) 23.7327

2022 Avg (January) 23.7419

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	24.2583	23.2693	23.7327
February	24.1985	22.5434	23.3255
March	23.1835	22.2622	22.7484
April	22.9663	22.2872	22.5475
May	22.7306	22.1336	22.4295
June	23.1160	21.9689	22.5736
July	22.8653	22.0576	22.4225
August	22.6399	21.7043	22.1254
September	21.8602	21.5920	21.7599
October	21.7946	20.4220	20.9261
November	22.6358	20.7401	21.9068
December	23.1109	22.3889	22.7216