2023 TND to ILS Historical Review

YEARLY HIGH

1.2854 ILS

YEARLY LOW

1.0875 ILS

YEARLY AVERAGE

1.1874 ILS

2023 TND to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TND to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 24, valuing the pair at 1.2854. Conversely, the yearly low was recorded on January 23, dropping to 1.0875.

This high-to-low spread represents a total annual volatility of 0.1979 ILS. From a start-to-finish perspective, comparing the January average rate of 1.1142 to the December average rate of 1.1824, the exchange rate registered a net change of 6.12% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.2854 was up 11.69% compared to the 2022 peak of 1.1508, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,427 ILS

2022 Average 5,451 ILS

Yearly Trough Low 5,437 ILS

Transaction Impact: A difference of 989.60 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.2681

1.1002

JanuMarcMayJulySeptNove

TND 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 1.1624, compared to 1.2124 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0500 points.

H1 Avg (Jan–Jun) 1.1624

H2 Avg (Jul–Dec) 1.2124

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.0784 ILS (High: 1.2854 / Low: 1.2070). On the other end, December was the most stable month, with a tight range of 0.0269 ILS (High: 1.1965 / Low: 1.1695).

October Spread (Volatile) ±0.0784

December Spread (Stable) ±0.0269

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 0.0393 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0393

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 1.2541) against the same month in 2022 (average: 1.0884), the exchange rate shifted by +0.1657 (+15.22%).

2023 Avg (October) 1.2541

2022 Avg (October) 1.0884

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.1364	1.0875	1.1142
February	1.1718	1.1151	1.1403
March	1.1811	1.1335	1.1584
April	1.2088	1.1643	1.1873
May	1.2084	1.1790	1.1969
June	1.2130	1.1461	1.1771
July	1.2238	1.1797	1.1954
August	1.2299	1.1782	1.2115
September	1.2329	1.2038	1.2163
October	1.2854	1.2070	1.2541
November	1.2605	1.1891	1.2148
December	1.1965	1.1695	1.1824