2023 ILS to ISK Historical Review

YEARLY HIGH

42.7185 ISK

YEARLY LOW

33.9261 ISK

YEARLY AVERAGE

37.4885 ISK

2023 ILS to ISK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to ISK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 42.7185. Conversely, the yearly low was recorded on October 23, dropping to 33.9261.

This high-to-low spread represents a total annual volatility of 8.7924 ISK. From a start-to-finish perspective, comparing the January average rate of 41.4996 to the December average rate of 37.6227, the exchange rate registered a net change of -9.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 42.7185 was down 1.64% compared to the 2022 peak of 43.4287, 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 213,593 ISK

2022 Average 201,416 ISK

Yearly Trough Low 169,630 ISK

Transaction Impact: A difference of 43,962.23 ISK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

42.1648

34.1819

JanuMarcMayJulySeptNove

ILS to ISK 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 38.9549, compared to 36.0222 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.9327 points.

H1 Avg (Jan–Jun) 38.9549

H2 Avg (Jul–Dec) 36.0222

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 3.1295 ISK (High: 37.8841 / Low: 34.7546). On the other end, December was the most stable month, with a tight range of 0.6281 ISK (High: 37.8905 / Low: 37.2625).

November Spread (Volatile) ±3.1295

December Spread (Stable) ±0.6281

Growth Streaks & Declines

Trends

Between April and June, 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 February and March, when the average rate fell by 1.6810 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.6810

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 41.4996) against the same month in 2022 (average: 41.1332), the exchange rate shifted by +0.3664 (+0.89%).

2023 Avg (January) 41.4996

2022 Avg (January) 41.1332

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	42.7185	40.2107	41.4996
February	41.6015	39.1534	40.3823
March	39.6802	37.8370	38.7013
April	38.2874	36.8802	37.5542
May	38.5883	37.2713	37.7246
June	38.9055	36.7368	37.8673
July	37.0484	35.3910	36.1969
August	36.1026	34.4032	35.2116
September	36.1983	34.7515	35.4583
October	36.4338	33.9261	34.8471
November	37.8841	34.7546	36.7966
December	37.8905	37.2625	37.6227