2023 NOK to ILS Historical Review

YEARLY HIGH

0.3691 ILS

YEARLY LOW

0.3309 ILS

YEARLY AVERAGE

0.3490 ILS

2023 NOK to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NOK to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on July 25, valuing the pair at 0.3691. Conversely, the yearly low was recorded on June 7, dropping to 0.3309.

This high-to-low spread represents a total annual volatility of 0.0383 ILS. From a start-to-finish perspective, comparing the January average rate of 0.3470 to the December average rate of 0.3486, the exchange rate registered a net change of 0.46% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3691 was down 1.23% compared to the 2022 peak of 0.3737, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,846 ILS

2022 Average 1,750 ILS

Yearly Trough Low 1,654 ILS

Transaction Impact: A difference of 191.32 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3641

0.3350

JanuMarcMayJulySeptNove

NOK 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 0.3432, compared to 0.3548 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0117 points.

H1 Avg (Jan–Jun) 0.3432

H2 Avg (Jul–Dec) 0.3548

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 0.0240 ILS (High: 0.3691 / Low: 0.3451). On the other end, September was the most stable month, with a tight range of 0.0080 ILS (High: 0.3607 / Low: 0.3527).

July Spread (Volatile) ±0.0240

September Spread (Stable) ±0.0080

Growth Streaks & Declines

Trends

Between June and August, 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 October and November, when the average rate fell by 0.0129 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0129

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.3566) against the same month in 2022 (average: 0.3468), the exchange rate shifted by +0.0099 (+2.84%).

2023 Avg (July) 0.3566

2022 Avg (July) 0.3468

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3598	0.3404	0.3470
February	0.3546	0.3345	0.3458
March	0.3536	0.3347	0.3432
April	0.3550	0.3407	0.3460
May	0.3473	0.3315	0.3395
June	0.3454	0.3309	0.3374
July	0.3691	0.3451	0.3566
August	0.3632	0.3533	0.3576
September	0.3607	0.3527	0.3557
October	0.3674	0.3500	0.3617
November	0.3603	0.3423	0.3488
December	0.3584	0.3370	0.3486