2023 ISK to ILS Historical Review

YEARLY HIGH

0.0295 ILS

YEARLY LOW

0.0234 ILS

YEARLY AVERAGE

0.0267 ILS

2023 ISK to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ISK to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 23, valuing the pair at 0.0295. Conversely, the yearly low was recorded on January 24, dropping to 0.0234.

This high-to-low spread represents a total annual volatility of 0.0061 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0241 to the December average rate of 0.0266, the exchange rate registered a net change of 10.28% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0295 was up 11.11% compared to the 2022 peak of 0.0265, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 ISK based on timing:

Yearly Peak High 147 ILS

2022 Average 124 ILS

Yearly Trough Low 117 ILS

Transaction Impact: A difference of 30.33 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0292

0.0236

JanuMarcMayJulySeptNove

ISK to ILS 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 0.0257, compared to 0.0278 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 0.0257

H2 Avg (Jul–Dec) 0.0278

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0024 ILS (High: 0.0288 / Low: 0.0264). On the other end, December was the most stable month, with a tight range of 0.0004 ILS (High: 0.0268 / Low: 0.0264).

November Spread (Volatile) ±0.0024

December Spread (Stable) ±0.0004

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0015 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0287) against the same month in 2022 (average: 0.0246), the exchange rate shifted by +0.0041 (+16.66%).

2023 Avg (October) 0.0287

2022 Avg (October) 0.0246

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0249	0.0234	0.0241
February	0.0255	0.0240	0.0248
March	0.0264	0.0252	0.0258
April	0.0271	0.0261	0.0266
May	0.0268	0.0259	0.0265
June	0.0272	0.0257	0.0264
July	0.0283	0.0270	0.0276
August	0.0291	0.0277	0.0284
September	0.0288	0.0276	0.0282
October	0.0295	0.0274	0.0287
November	0.0288	0.0264	0.0272
December	0.0268	0.0264	0.0266