2024 PEN to ILS Historical Review

YEARLY HIGH

1.0295 ILS

YEARLY LOW

0.9320 ILS

YEARLY AVERAGE

0.9863 ILS

2024 PEN to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the PEN to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 6, valuing the pair at 1.0295. Conversely, the yearly low was recorded on February 16, dropping to 0.9320.

This high-to-low spread represents a total annual volatility of 0.0975 ILS. From a start-to-finish perspective, comparing the January average rate of 0.9940 to the December average rate of 0.9710, the exchange rate registered a net change of -2.32% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.0295 was down 2.74% compared to the 2023 peak of 1.0585, 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 5,147 ILS

2023 Average 4,930 ILS

Yearly Trough Low 4,660 ILS

Transaction Impact: A difference of 487.36 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.0176

0.9458

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 0.9857, compared to 0.9868 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0011 points.

H1 Avg (Jan–Jun) 0.9857

H2 Avg (Jul–Dec) 0.9868

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 0.0636 ILS (High: 1.0295 / Low: 0.9659). On the other end, December was the most stable month, with a tight range of 0.0284 ILS (High: 0.9853 / Low: 0.9569).

August Spread (Volatile) ±0.0636

December Spread (Stable) ±0.0284

Growth Streaks & Declines

Trends

Between February and April, 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 January and February, when the average rate fell by 0.0422 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0422

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2024: 0.9965) against the same month in 2023 (average: 1.0144), the exchange rate shifted by -0.0179 (-1.77%).

2024 Avg (August) 0.9965

2023 Avg (August) 1.0144

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0194	0.9559	0.9940
February	0.9706	0.9320	0.9518
March	0.9983	0.9422	0.9780
April	1.0235	0.9889	1.0116
May	1.0109	0.9791	0.9921
June	1.0036	0.9745	0.9868
July	1.0076	0.9608	0.9759
August	1.0295	0.9659	0.9965
September	1.0106	0.9670	0.9897
October	1.0206	0.9809	1.0040
November	0.9958	0.9587	0.9840
December	0.9853	0.9569	0.9710