2023 SCR to ILS Historical Review

YEARLY HIGH

0.3200 ILS

YEARLY LOW

0.2384 ILS

YEARLY AVERAGE

0.2744 ILS

2023 SCR to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SCR to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 0.3200. Conversely, the yearly low was recorded on January 23, dropping to 0.2384.

This high-to-low spread represents a total annual volatility of 0.0816 ILS. From a start-to-finish perspective, comparing the January average rate of 0.2545 to the December average rate of 0.2729, the exchange rate registered a net change of 7.21% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3200 was up 14.22% compared to the 2022 peak of 0.2802, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,600 ILS

2022 Average 1,241 ILS

Yearly Trough Low 1,192 ILS

Transaction Impact: A difference of 408.15 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3031

0.2501

JanuMarcMayJulySeptNove

SCR 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 0.2653, compared to 0.2835 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0182 points.

H1 Avg (Jan–Jun) 0.2653

H2 Avg (Jul–Dec) 0.2835

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.0443 ILS (High: 0.3200 / Low: 0.2757). On the other end, August was the most stable month, with a tight range of 0.0165 ILS (High: 0.2882 / Low: 0.2717).

October Spread (Volatile) ±0.0443

August Spread (Stable) ±0.0165

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 0.0139 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0139

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.2987) against the same month in 2022 (average: 0.2653), the exchange rate shifted by +0.0334 (+12.58%).

2023 Avg (October) 0.2987

2022 Avg (October) 0.2653

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2717	0.2384	0.2545
February	0.2815	0.2431	0.2617
March	0.2788	0.2536	0.2687
April	0.2824	0.2546	0.2692
May	0.2829	0.2609	0.2720
June	0.2832	0.2517	0.2658
July	0.2844	0.2555	0.2744
August	0.2882	0.2717	0.2800
September	0.2991	0.2797	0.2905
October	0.3200	0.2757	0.2987
November	0.3027	0.2684	0.2848
December	0.2870	0.2581	0.2729