2023 SAR to ILS Historical Review

YEARLY HIGH

1.0871 ILS

YEARLY LOW

0.8959 ILS

YEARLY AVERAGE

0.9824 ILS

2023 SAR to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SAR to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 1.0871. Conversely, the yearly low was recorded on January 24, dropping to 0.8959.

This high-to-low spread represents a total annual volatility of 0.1912 ILS. From a start-to-finish perspective, comparing the January average rate of 0.9169 to the December average rate of 0.9768, the exchange rate registered a net change of 6.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.0871 was up 13.91% compared to the 2022 peak of 0.9543, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,436 ILS

2022 Average 4,473 ILS

Yearly Trough Low 4,480 ILS

Transaction Impact: A difference of 956.02 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.0752

0.9025

JanuMarcMayJulySeptNove

SAR 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 0.9572, compared to 1.0075 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0503 points.

H1 Avg (Jan–Jun) 0.9572

H2 Avg (Jul–Dec) 1.0075

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0880 ILS (High: 1.0700 / Low: 0.9820). On the other end, September was the most stable month, with a tight range of 0.0132 ILS (High: 1.0252 / Low: 1.0120).

November Spread (Volatile) ±0.0880

September Spread (Stable) ±0.0132

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 0.0466 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0466

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 1.0608) against the same month in 2022 (average: 0.9423), the exchange rate shifted by +0.1185 (+12.58%).

2023 Avg (October) 1.0608

2022 Avg (October) 0.9423

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9450	0.8959	0.9169
February	0.9782	0.9035	0.9448
March	0.9780	0.9437	0.9629
April	0.9789	0.9533	0.9690
May	0.9958	0.9652	0.9787
June	1.0000	0.9477	0.9709
July	0.9913	0.9571	0.9774
August	1.0140	0.9692	0.9983
September	1.0252	1.0120	1.0176
October	1.0871	1.0153	1.0608
November	1.0700	0.9820	1.0142
December	0.9927	0.9602	0.9768