2023 NPR to ILS Historical Review

YEARLY HIGH

0.0306 ILS

YEARLY LOW

0.0257 ILS

YEARLY AVERAGE

0.0279 ILS

2023 NPR to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NPR to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 0.0306. Conversely, the yearly low was recorded on January 24, dropping to 0.0257.

This high-to-low spread represents a total annual volatility of 0.0049 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0263 to the December average rate of 0.0275, the exchange rate registered a net change of 4.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0306 was up 9.36% compared to the 2022 peak of 0.0280, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 153 ILS

2022 Average 134 ILS

Yearly Trough Low 129 ILS

Transaction Impact: A difference of 24.39 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0303

0.0259

JanuMarcMayJulySeptNove

NPR 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 0.0273, compared to 0.0285 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0012 points.

H1 Avg (Jan–Jun) 0.0273

H2 Avg (Jul–Dec) 0.0285

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0025 ILS (High: 0.0301 / Low: 0.0276). On the other end, September was the most stable month, with a tight range of 0.0004 ILS (High: 0.0290 / Low: 0.0286).

November Spread (Volatile) ±0.0025

September Spread (Stable) ±0.0004

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 0.0013 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0299) against the same month in 2022 (average: 0.0269), the exchange rate shifted by +0.0030 (+11.21%).

2023 Avg (October) 0.0299

2022 Avg (October) 0.0269

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0268	0.0257	0.0263
February	0.0277	0.0258	0.0268
March	0.0281	0.0270	0.0275
April	0.0282	0.0271	0.0277
May	0.0282	0.0276	0.0279
June	0.0285	0.0270	0.0277
July	0.0285	0.0273	0.0279
August	0.0288	0.0276	0.0283
September	0.0290	0.0286	0.0287
October	0.0306	0.0286	0.0299
November	0.0301	0.0276	0.0286
December	0.0279	0.0270	0.0275