2023 ILS to NPR Historical Review

YEARLY HIGH

38.8427 NPR

YEARLY LOW

32.6558 NPR

YEARLY AVERAGE

35.8863 NPR

2023 ILS to NPR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to NPR exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 38.8427. Conversely, the yearly low was recorded on October 26, dropping to 32.6558.

This high-to-low spread represents a total annual volatility of 6.1869 NPR. From a start-to-finish perspective, comparing the January average rate of 38.0178 to the December average rate of 36.3884, the exchange rate registered a net change of -4.29% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 38.8427 was down 1.57% compared to the 2022 peak of 39.4626, 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 194,213 NPR

2022 Average 187,218 NPR

Yearly Trough Low 163,279 NPR

Transaction Impact: A difference of 30,934.36 NPR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

38.4745

32.9947

JanuMarcMayJulySeptNove

ILS to NPR 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 36.6252, compared to 35.1473 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.4779 points.

H1 Avg (Jan–Jun) 36.6252

H2 Avg (Jul–Dec) 35.1473

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 2.9795 NPR (High: 36.1745 / Low: 33.1950). On the other end, September was the most stable month, with a tight range of 0.5297 NPR (High: 35.0199 / Low: 34.4902).

November Spread (Volatile) ±2.9795

September Spread (Stable) ±0.5297

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 1.3483 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.3483

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 38.0178) against the same month in 2022 (average: 37.9674), the exchange rate shifted by +0.0505 (+0.13%).

2023 Avg (January) 38.0178

2022 Avg (January) 37.9674

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.8427	37.2760	38.0178
February	38.7687	36.0789	37.3039
March	37.0622	35.6464	36.3841
April	36.8412	35.5163	36.0505
May	36.2480	35.4167	35.8708
June	37.0362	35.1211	36.1242
July	36.6403	35.1442	35.8364
August	36.2778	34.7623	35.3874
September	35.0199	34.4902	34.7997
October	34.9499	32.6558	33.4514
November	36.1745	33.1950	35.0207
December	37.0334	35.8160	36.3884