2023 NZD to ILS Historical Review

YEARLY HIGH

2.3866 ILS

YEARLY LOW

2.1616 ILS

YEARLY AVERAGE

2.2616 ILS

2023 NZD to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 10, valuing the pair at 2.3866. Conversely, the yearly low was recorded on February 3, dropping to 2.1616.

This high-to-low spread represents a total annual volatility of 0.2250 ILS. From a start-to-finish perspective, comparing the January average rate of 2.2059 to the December average rate of 2.2821, the exchange rate registered a net change of 3.45% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3866 was up 5.79% compared to the 2022 peak of 2.2561, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,933 ILS

2022 Average 10,660 ILS

Yearly Trough Low 10,808 ILS

Transaction Impact: A difference of 1,125.05 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3591

2.1920

JanuMarcMayJulySeptNove

NZD 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 2.2408, compared to 2.2823 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0415 points.

H1 Avg (Jan–Jun) 2.2408

H2 Avg (Jul–Dec) 2.2823

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.1344 ILS (High: 2.3599 / Low: 2.2254). On the other end, December was the most stable month, with a tight range of 0.0406 ILS (High: 2.3090 / Low: 2.2684).

November Spread (Volatile) ±0.1344

December Spread (Stable) ±0.0406

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 0.0645 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0645

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 2.3451) against the same month in 2022 (average: 2.0146), the exchange rate shifted by +0.3305 (+16.41%).

2023 Avg (October) 2.3451

2022 Avg (October) 2.0146

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.2393	2.1760	2.2059
February	2.2621	2.1616	2.2254
March	2.3002	2.1777	2.2443
April	2.3061	2.2203	2.2571
May	2.3238	2.2324	2.2782
June	2.2768	2.1928	2.2339
July	2.3103	2.2317	2.2814
August	2.2699	2.2247	2.2421
September	2.2919	2.2364	2.2625
October	2.3866	2.2748	2.3451
November	2.3599	2.2254	2.2807
December	2.3090	2.2684	2.2821