2023 QAR to ILS Historical Review

YEARLY HIGH

1.1196 ILS

YEARLY LOW

0.9206 ILS

YEARLY AVERAGE

1.0116 ILS

2023 QAR to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 1.1196. Conversely, the yearly low was recorded on January 24, dropping to 0.9206.

This high-to-low spread represents a total annual volatility of 0.1990 ILS. From a start-to-finish perspective, comparing the January average rate of 0.9451 to the December average rate of 1.0054, the exchange rate registered a net change of 6.37% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1196 was up 13.68% compared to the 2022 peak of 0.9849, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,598 ILS

2022 Average 4,609 ILS

Yearly Trough Low 4,603 ILS

Transaction Impact: A difference of 995.15 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.1069

0.9304

JanuMarcMayJulySeptNove

QAR 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 0.9856, compared to 1.0375 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0520 points.

H1 Avg (Jan–Jun) 0.9856

H2 Avg (Jul–Dec) 1.0375

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0894 ILS (High: 1.1011 / Low: 1.0117). On the other end, September was the most stable month, with a tight range of 0.0149 ILS (High: 1.0560 / Low: 1.0411).

November Spread (Volatile) ±0.0894

September Spread (Stable) ±0.0149

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 0.0471 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0471

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 1.0922) against the same month in 2022 (average: 0.9722), the exchange rate shifted by +0.1200 (+12.34%).

2023 Avg (October) 1.0922

2022 Avg (October) 0.9722

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9755	0.9206	0.9451
February	1.0074	0.9282	0.9719
March	1.0081	0.9677	0.9914
April	1.0105	0.9716	0.9972
May	1.0255	0.9950	1.0080
June	1.0296	0.9749	0.9997
July	1.0207	0.9852	1.0071
August	1.0444	0.9987	1.0276
September	1.0560	1.0411	1.0479
October	1.1196	1.0456	1.0922
November	1.1011	1.0117	1.0451
December	1.0229	0.9857	1.0054