2023 NGN to ILS Historical Review

YEARLY HIGH

0.0081 ILS

YEARLY LOW

0.0040 ILS

YEARLY AVERAGE

0.0062 ILS

2023 NGN to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NGN to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on June 4, valuing the pair at 0.0081. Conversely, the yearly low was recorded on December 30, dropping to 0.0040.

This high-to-low spread represents a total annual volatility of 0.0041 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0076 to the December average rate of 0.0045, the exchange rate registered a net change of -40.17% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0081 was down 4.43% compared to the 2022 peak of 0.0085, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 1,000,000 NGN based on timing:

Yearly Peak High 8,128 ILS

2022 Average 7,928 ILS

Yearly Trough Low 4,009 ILS

Transaction Impact: A difference of 4,119.35 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0083

0.0042

JanuMarcMayJulySeptNove

NGN 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 0.0076, compared to 0.0048 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 0.0076

H2 Avg (Jul–Dec) 0.0048

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0037 ILS (High: 0.0081 / Low: 0.0044). On the other end, May was the most stable month, with a tight range of 0.0002 ILS (High: 0.0081 / Low: 0.0079).

June Spread (Volatile) ±0.0037

May Spread (Stable) ±0.0002

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 June and July, when the average rate fell by 0.0017 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0017

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0064) against the same month in 2022 (average: 0.0082), the exchange rate shifted by -0.0018 (-21.64%).

2023 Avg (June) 0.0064

2022 Avg (June) 0.0082

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0079	0.0073	0.0076
February	0.0080	0.0074	0.0077
March	0.0080	0.0077	0.0079
April	0.0080	0.0077	0.0079
May	0.0081	0.0079	0.0080
June	0.0081	0.0044	0.0064
July	0.0049	0.0045	0.0047
August	0.0050	0.0047	0.0049
September	0.0051	0.0048	0.0049
October	0.0053	0.0046	0.0051
November	0.0051	0.0045	0.0048
December	0.0047	0.0040	0.0045