2023 ILS to SGD Historical Review

YEARLY HIGH

0.3923 SGD

YEARLY LOW

0.3356 SGD

YEARLY AVERAGE

0.3648 SGD

2023 ILS to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 0.3923. Conversely, the yearly low was recorded on October 26, dropping to 0.3356.

This high-to-low spread represents a total annual volatility of 0.0566 SGD. From a start-to-finish perspective, comparing the January average rate of 0.3847 to the December average rate of 0.3634, the exchange rate registered a net change of -5.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3923 was down 10.71% compared to the 2022 peak of 0.4394, 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 1,961 SGD

2022 Average 2,054 SGD

Yearly Trough Low 1,678 SGD

Transaction Impact: A difference of 283.19 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3887

0.3401

JanuMarcMayJulySeptNove

ILS to SGD 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 0.3722, compared to 0.3574 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0148 points.

H1 Avg (Jan–Jun) 0.3722

H2 Avg (Jul–Dec) 0.3574

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.0232 SGD (High: 0.3588 / Low: 0.3356). On the other end, September was the most stable month, with a tight range of 0.0042 SGD (High: 0.3589 / Low: 0.3547).

October Spread (Volatile) ±0.0232

September Spread (Stable) ±0.0042

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 0.0130 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0130

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3847) against the same month in 2022 (average: 0.4307), the exchange rate shifted by -0.0461 (-10.69%).

2023 Avg (January) 0.3847

2022 Avg (January) 0.4307

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3923	0.3789	0.3847
February	0.3872	0.3674	0.3763
March	0.3791	0.3648	0.3709
April	0.3706	0.3614	0.3665
May	0.3700	0.3618	0.3651
June	0.3770	0.3597	0.3698
July	0.3691	0.3574	0.3642
August	0.3671	0.3552	0.3608
September	0.3589	0.3547	0.3572
October	0.3588	0.3356	0.3442
November	0.3620	0.3404	0.3546
December	0.3673	0.3587	0.3634