2023 ILS to XOF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 ILS to XOF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the ILS to XOF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 18, valuing the pair at 179.9283. Conversely, the yearly low was recorded on October 23, dropping to 151.2685.
This high-to-low spread represents a total annual volatility of 28.6598 XOF. From a start-to-finish perspective, comparing the January average rate of 176.5825 to the December average rate of 163.9091, the exchange rate registered a net change of -7.18% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 179.9283 was down 11.13% compared to the 2022 peak of 202.4526, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ILS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
ILS to XOF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 168.9379, compared to 160.4735 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.4644 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was October, with a trading range of 11.7098 XOF (High: 162.9782 / Low: 151.2685). On the other end, December was the most stable month, with a tight range of 3.2354 XOF (High: 165.2416 / Low: 162.0062).
Growth Streaks & Declines
TrendsBetween 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 March and April, when the average rate fell by 5.1022 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 176.5825) against the same month in 2022 (average: 184.7613), the exchange rate shifted by -8.1788 (-4.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 179.9283 | 173.9770 | 176.5825 |
| February | 177.5976 | 168.6343 | 173.0035 |
| March | 173.5918 | 166.3734 | 169.3461 |
| April | 168.6242 | 160.9015 | 164.2439 |
| May | 167.0681 | 160.9158 | 164.2805 |
| June | 170.7775 | 161.9927 | 166.1710 |
| July | 163.4222 | 159.7753 | 161.8226 |
| August | 163.8733 | 158.5330 | 160.5793 |
| September | 162.8722 | 159.1817 | 160.9590 |
| October | 162.9782 | 151.2685 | 156.1107 |
| November | 162.2623 | 154.3612 | 159.4603 |
| December | 165.2416 | 162.0062 | 163.9091 |