2023 ILS to MAD Historical Review

YEARLY HIGH

3.0307 MAD

YEARLY LOW

2.5223 MAD

YEARLY AVERAGE

2.7512 MAD

2023 ILS to MAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to MAD exchange rate experienced significant fluctuation. The market reached its absolute peak on January 23, valuing the pair at 3.0307. Conversely, the yearly low was recorded on October 26, dropping to 2.5223.

This high-to-low spread represents a total annual volatility of 0.5083 MAD. From a start-to-finish perspective, comparing the January average rate of 2.9713 to the December average rate of 2.7405, the exchange rate registered a net change of -7.77% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 3.0307 was down 6.98% compared to the 2022 peak of 3.2581, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 15,153 MAD

2022 Average 15,120 MAD

Yearly Trough Low 12,612 MAD

Transaction Impact: A difference of 2,541.68 MAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3.0102

2.5442

JanuMarcMayJulySeptNove

ILS to MAD 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 2.8394, compared to 2.6630 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1765 points.

H1 Avg (Jan–Jun) 2.8394

H2 Avg (Jul–Dec) 2.6630

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.1768 MAD (High: 2.6991 / Low: 2.5223). On the other end, December was the most stable month, with a tight range of 0.0608 MAD (High: 2.7703 / Low: 2.7095).

October Spread (Volatile) ±0.1768

December Spread (Stable) ±0.0608

Growth Streaks & Declines

Trends

Between October and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.1039 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1039

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.9713) against the same month in 2022 (average: 2.9624), the exchange rate shifted by +0.0090 (+0.30%).

2023 Avg (January) 2.9713

2022 Avg (January) 2.9624

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3.0307	2.9325	2.9713
February	3.0008	2.8368	2.9075
March	2.9310	2.7938	2.8568
April	2.8596	2.7236	2.7869
May	2.7960	2.7138	2.7537
June	2.8409	2.6681	2.7604
July	2.7159	2.6028	2.6565
August	2.7109	2.5907	2.6441
September	2.7105	2.6436	2.6810
October	2.6991	2.5223	2.5830
November	2.7320	2.5657	2.6726
December	2.7703	2.7095	2.7405