2023 ILS to KES Historical Review

YEARLY HIGH

43.6834 KES

YEARLY LOW

34.4970 KES

YEARLY AVERAGE

37.9243 KES

2023 ILS to KES Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to KES exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 43.6834. Conversely, the yearly low was recorded on February 25, dropping to 34.4970.

This high-to-low spread represents a total annual volatility of 9.1864 KES. From a start-to-finish perspective, comparing the January average rate of 35.9989 to the December average rate of 42.1641, the exchange rate registered a net change of 17.13% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 43.6834 was up 18.30% compared to the 2022 peak of 36.9274, 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 218,417 KES

2022 Average 175,690 KES

Yearly Trough Low 172,485 KES

Transaction Impact: A difference of 45,931.92 KES purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

42.8341

34.7940

JanuMarcMayJulySeptNove

ILS to KES 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 36.6671, compared to 39.1815 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.5144 points.

H1 Avg (Jan–Jun) 36.6671

H2 Avg (Jul–Dec) 39.1815

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 4.0947 KES (High: 41.5603 / Low: 37.4657). On the other end, May was the most stable month, with a tight range of 0.7697 KES (High: 37.7051 / Low: 36.9354).

November Spread (Volatile) ±4.0947

May Spread (Stable) ±0.7697

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.9322 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.9322

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 42.1641) against the same month in 2022 (average: 35.6022), the exchange rate shifted by +6.5619 (+18.43%).

2023 Avg (December) 42.1641

2022 Avg (December) 35.6022

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	36.9525	34.8002	35.9989
February	36.7680	34.4970	35.4640
March	37.0785	34.7993	35.8431
April	37.4482	36.5256	36.9665
May	37.7051	36.9354	37.3842
June	39.3578	36.6652	38.3459
July	39.5369	37.2815	38.5775
August	39.1697	37.5476	38.3918
September	38.9331	38.0261	38.4571
October	38.8987	36.6259	37.5248
November	41.5603	37.4657	39.9738
December	43.6834	40.9835	42.1641