2023 PHP to ILS Historical Review

YEARLY HIGH

0.0717 ILS

YEARLY LOW

0.0615 ILS

YEARLY AVERAGE

0.0663 ILS

2023 PHP to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PHP to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 23, valuing the pair at 0.0717. Conversely, the yearly low was recorded on January 24, dropping to 0.0615.

This high-to-low spread represents a total annual volatility of 0.0102 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0627 to the December average rate of 0.0660, the exchange rate registered a net change of 5.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0717 was up 8.30% compared to the 2022 peak of 0.0662, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 PHP based on timing:

Yearly Peak High 17,926 ILS

2022 Average 15,417 ILS

Yearly Trough Low 15,373 ILS

Transaction Impact: A difference of 2,553.07 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0708

0.0620

JanuMarcMayJulySeptNove

PHP 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 0.0650, compared to 0.0675 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0024 points.

H1 Avg (Jan–Jun) 0.0650

H2 Avg (Jul–Dec) 0.0675

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.0045 ILS (High: 0.0717 / Low: 0.0672). On the other end, September was the most stable month, with a tight range of 0.0013 ILS (High: 0.0679 / Low: 0.0666).

October Spread (Volatile) ±0.0045

September Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between January and March, 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 November and December, when the average rate fell by 0.0023 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0023

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0701) against the same month in 2022 (average: 0.0603), the exchange rate shifted by +0.0098 (+16.24%).

2023 Avg (October) 0.0701

2022 Avg (October) 0.0603

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0635	0.0615	0.0627
February	0.0666	0.0630	0.0646
March	0.0676	0.0646	0.0661
April	0.0665	0.0648	0.0658
May	0.0668	0.0650	0.0658
June	0.0671	0.0637	0.0652
July	0.0681	0.0657	0.0668
August	0.0675	0.0655	0.0665
September	0.0679	0.0666	0.0672
October	0.0717	0.0672	0.0701
November	0.0708	0.0664	0.0683
December	0.0673	0.0650	0.0660