2023 TRY to ILS Historical Review

YEARLY HIGH

0.1950 ILS

YEARLY LOW

0.1222 ILS

YEARLY AVERAGE

0.1592 ILS

2023 TRY to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on March 3, valuing the pair at 0.1950. Conversely, the yearly low was recorded on December 30, dropping to 0.1222.

This high-to-low spread represents a total annual volatility of 0.0728 ILS. From a start-to-finish perspective, comparing the January average rate of 0.1834 to the December average rate of 0.1259, the exchange rate registered a net change of -31.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1950 was down 18.73% compared to the 2022 peak of 0.2399, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 9,749 ILS

2022 Average 10,238 ILS

Yearly Trough Low 6,108 ILS

Transaction Impact: A difference of 3,641.26 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1967

0.1195

JanuMarcMayJulySeptNove

TRY 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 0.1816, compared to 0.1367 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0449 points.

H1 Avg (Jan–Jun) 0.1816

H2 Avg (Jul–Dec) 0.1367

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0399 ILS (High: 0.1792 / Low: 0.1393). On the other end, April was the most stable month, with a tight range of 0.0039 ILS (High: 0.1899 / Low: 0.1860).

June Spread (Volatile) ±0.0399

April Spread (Stable) ±0.0039

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0313 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0313

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 0.1903) against the same month in 2022 (average: 0.2219), the exchange rate shifted by -0.0316 (-14.25%).

2023 Avg (March) 0.1903

2022 Avg (March) 0.2219

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1892	0.1789	0.1834
February	0.1943	0.1802	0.1880
March	0.1950	0.1853	0.1903
April	0.1899	0.1860	0.1879
May	0.1877	0.1798	0.1857
June	0.1792	0.1393	0.1543
July	0.1441	0.1332	0.1385
August	0.1465	0.1348	0.1392
September	0.1434	0.1389	0.1413
October	0.1451	0.1386	0.1427
November	0.1417	0.1273	0.1327
December	0.1288	0.1222	0.1259