2023 PEN to ILS Historical Review

YEARLY HIGH

1.0585 ILS

YEARLY LOW

0.8681 ILS

YEARLY AVERAGE

0.9857 ILS

2023 PEN to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 31, valuing the pair at 1.0585. Conversely, the yearly low was recorded on January 24, dropping to 0.8681.

This high-to-low spread represents a total annual volatility of 0.1904 ILS. From a start-to-finish perspective, comparing the January average rate of 0.9010 to the December average rate of 0.9807, the exchange rate registered a net change of 8.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0585 was up 13.70% compared to the 2022 peak of 0.9310, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,293 ILS

2022 Average 4,382 ILS

Yearly Trough Low 4,341 ILS

Transaction Impact: A difference of 952.02 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0499

0.8874

JanuMarcMayJulySeptNove

PEN 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 0.9574, compared to 1.0140 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0566 points.

H1 Avg (Jan–Jun) 0.9574

H2 Avg (Jul–Dec) 1.0140

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0827 ILS (High: 1.0485 / Low: 0.9658). On the other end, December was the most stable month, with a tight range of 0.0287 ILS (High: 0.9964 / Low: 0.9677).

November Spread (Volatile) ±0.0827

December Spread (Stable) ±0.0287

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0279 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0279

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 1.0364) against the same month in 2022 (average: 0.8909), the exchange rate shifted by +0.1455 (+16.33%).

2023 Avg (October) 1.0364

2022 Avg (October) 0.8909

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9337	0.8681	0.9010
February	0.9647	0.8828	0.9237
March	0.9734	0.9408	0.9572
April	0.9880	0.9469	0.9675
May	1.0171	0.9756	0.9964
June	1.0234	0.9751	0.9987
July	1.0339	1.0051	1.0188
August	1.0301	0.9896	1.0144
September	1.0380	1.0023	1.0249
October	1.0585	1.0037	1.0364
November	1.0485	0.9658	1.0086
December	0.9964	0.9677	0.9807