2023 KWD to ILS Historical Review

YEARLY HIGH

13.1882 ILS

YEARLY LOW

11.0179 ILS

YEARLY AVERAGE

11.9909 ILS

2023 KWD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 13.1882. Conversely, the yearly low was recorded on January 24, dropping to 11.0179.

This high-to-low spread represents a total annual volatility of 2.1703 ILS. From a start-to-finish perspective, comparing the January average rate of 11.2713 to the December average rate of 11.9009, the exchange rate registered a net change of 5.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.1882 was up 14.07% compared to the 2022 peak of 11.5612, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 65,941 ILS

2022 Average 54,813 ILS

Yearly Trough Low 55,089 ILS

Transaction Impact: A difference of 10,851.68 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.0258

11.1118

JanuMarcMayJulySeptNove

KWD 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 11.7201, compared to 12.2618 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5417 points.

H1 Avg (Jan–Jun) 11.7201

H2 Avg (Jul–Dec) 12.2618

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 1.0426 ILS (High: 12.9881 / Low: 11.9455). On the other end, September was the most stable month, with a tight range of 0.1598 ILS (High: 12.4731 / Low: 12.3133).

November Spread (Volatile) ±1.0426

September Spread (Stable) ±0.1598

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.5362 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.5362

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 12.8663) against the same month in 2022 (average: 11.4225), the exchange rate shifted by +1.4438 (+12.64%).

2023 Avg (October) 12.8663

2022 Avg (October) 11.4225

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11.5797	11.0179	11.2713
February	11.9460	11.1132	11.5801
March	11.9850	11.5707	11.7945
April	12.0202	11.6658	11.8634
May	12.1441	11.8162	11.9593
June	12.2143	11.5827	11.8520
July	12.1366	11.7087	11.9513
August	12.3317	11.8252	12.1602
September	12.4731	12.3133	12.3620
October	13.1882	12.3179	12.8663
November	12.9881	11.9455	12.3301
December	12.0537	11.7146	11.9009