2023 ILS to NOK Historical Review

YEARLY HIGH

3.0225 NOK

YEARLY LOW

2.7092 NOK

YEARLY AVERAGE

2.8672 NOK

2023 ILS to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on June 7, valuing the pair at 3.0225. Conversely, the yearly low was recorded on July 25, dropping to 2.7092.

This high-to-low spread represents a total annual volatility of 0.3133 NOK. From a start-to-finish perspective, comparing the January average rate of 2.8823 to the December average rate of 2.8696, the exchange rate registered a net change of -0.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.0225 was down 2.06% compared to the 2022 peak of 3.0862, 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 15,113 NOK

2022 Average 14,304 NOK

Yearly Trough Low 13,546 NOK

Transaction Impact: A difference of 1,566.61 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.9840

2.7457

JanuMarcMayJulySeptNove

ILS to NOK 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 2.9150, compared to 2.8193 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0956 points.

H1 Avg (Jan–Jun) 2.9150

H2 Avg (Jul–Dec) 2.8193

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.1882 NOK (High: 2.8974 / Low: 2.7092). On the other end, September was the most stable month, with a tight range of 0.0632 NOK (High: 2.8356 / Low: 2.7725).

July Spread (Volatile) ±0.1882

September Spread (Stable) ±0.0632

Growth Streaks & Declines

Trends

Between January and March, 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 June and July, when the average rate fell by 0.1591 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1591

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 2.9642) against the same month in 2022 (average: 2.8614), the exchange rate shifted by +0.1028 (+3.59%).

2023 Avg (June) 2.9642

2022 Avg (June) 2.8614

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.9376	2.7794	2.8823
February	2.9894	2.8200	2.8925
March	2.9881	2.8283	2.9145
April	2.9354	2.8169	2.8906
May	3.0166	2.8792	2.9458
June	3.0225	2.8955	2.9642
July	2.8974	2.7092	2.8051
August	2.8303	2.7534	2.7969
September	2.8356	2.7725	2.8112
October	2.8569	2.7217	2.7656
November	2.9214	2.7758	2.8677
December	2.9676	2.7899	2.8696