2023 PGK to ILS Historical Review

YEARLY HIGH

1.0972 ILS

YEARLY LOW

0.9523 ILS

YEARLY AVERAGE

1.0233 ILS

2023 PGK to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 1.0972. Conversely, the yearly low was recorded on December 30, dropping to 0.9523.

This high-to-low spread represents a total annual volatility of 0.1449 ILS. From a start-to-finish perspective, comparing the January average rate of 0.9776 to the December average rate of 0.9795, the exchange rate registered a net change of 0.20% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0972 was up 7.69% compared to the 2022 peak of 1.0189, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,486 ILS

2022 Average 4,761 ILS

Yearly Trough Low 4,761 ILS

Transaction Impact: A difference of 724.70 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0829

0.9680

JanuMarcMayJulySeptNove

PGK 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 1.0172, compared to 1.0293 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0121 points.

H1 Avg (Jan–Jun) 1.0172

H2 Avg (Jul–Dec) 1.0293

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0990 ILS (High: 1.0809 / Low: 0.9819). On the other end, May was the most stable month, with a tight range of 0.0295 ILS (High: 1.0585 / Low: 1.0290).

November Spread (Volatile) ±0.0990

May Spread (Stable) ±0.0295

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 0.0595 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0595

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 1.0733) against the same month in 2022 (average: 1.0052), the exchange rate shifted by +0.0681 (+6.78%).

2023 Avg (October) 1.0733

2022 Avg (October) 1.0052

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.0081	0.9547	0.9776
February	1.0420	0.9619	1.0043
March	1.0443	1.0068	1.0266
April	1.0431	1.0066	1.0308
May	1.0585	1.0290	1.0391
June	1.0650	0.9946	1.0248
July	1.0538	0.9968	1.0267
August	1.0781	1.0049	1.0352
September	1.0762	1.0328	1.0472
October	1.0972	1.0419	1.0733
November	1.0809	0.9819	1.0138
December	0.9967	0.9523	0.9795