2023 ILS to IRR Historical Review

YEARLY HIGH

12537.6054 IRR

YEARLY LOW

10360.2168 IRR

YEARLY AVERAGE

11472.7296 IRR

2023 ILS to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 12537.6054. Conversely, the yearly low was recorded on October 26, dropping to 10360.2168.

This high-to-low spread represents a total annual volatility of 2177.3886 IRR. From a start-to-finish perspective, comparing the January average rate of 12178.9487 to the December average rate of 11526.8294, the exchange rate registered a net change of -5.35% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 12537.6054 was down 8.48% compared to the 2022 peak of 13699.7621, 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 62,688,027 IRR

2022 Average 63,014,588 IRR

Yearly Trough Low 51,801,084 IRR

Transaction Impact: A difference of 10,886,943.08 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12334.5100

10467.7738

JanuMarcMayJulySeptNove

ILS to IRR 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 11752.8827, compared to 11192.5766 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 560.3061 points.

H1 Avg (Jan–Jun) 11752.8827

H2 Avg (Jul–Dec) 11192.5766

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 953.9566 IRR (High: 11472.9955 / Low: 10519.0389). On the other end, September was the most stable month, with a tight range of 139.3813 IRR (High: 11130.1898 / Low: 10990.8084).

November Spread (Volatile) ±953.9566

September Spread (Stable) ±139.3813

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 447.7240 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -447.7240

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 12178.9487) against the same month in 2022 (average: 13476.6541), the exchange rate shifted by -1297.7054 (-9.63%).

2023 Avg (January) 12178.9487

2022 Avg (January) 13476.6541

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12537.6054	11797.1676	12178.9487
February	12446.3583	11537.3600	11918.0678
March	11928.2752	11490.3574	11662.8038
April	11823.6535	11505.0921	11626.4615
May	11672.8563	11325.5741	11517.8127
June	11888.2171	11277.9850	11613.2016
July	11777.5376	11371.3108	11524.5599
August	11635.8531	11107.9562	11292.5751
September	11130.1898	10990.8084	11071.0591
October	11086.2694	10360.2168	10623.3351
November	11472.9955	10519.0389	11117.1010
December	11726.5504	11348.6842	11526.8294