2023 ILS to MGA Historical Review

YEARLY HIGH

1323.0065 MGA

YEARLY LOW

1110.7502 MGA

YEARLY AVERAGE

1208.7302 MGA

2023 ILS to MGA Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to MGA exchange rate experienced significant fluctuation. The market reached its absolute peak on January 11, valuing the pair at 1323.0065. Conversely, the yearly low was recorded on October 26, dropping to 1110.7502.

This high-to-low spread represents a total annual volatility of 212.2563 MGA. From a start-to-finish perspective, comparing the January average rate of 1277.1880 to the December average rate of 1250.8459, the exchange rate registered a net change of -2.06% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1323.0065 was up 1.69% compared to the 2022 peak of 1300.9790, 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 6,615,033 MGA

2022 Average 6,151,147 MGA

Yearly Trough Low 5,553,751 MGA

Transaction Impact: A difference of 1,061,281.60 MGA purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1291.0546

1124.6560

JanuMarcMayJulySeptNove

ILS to MGA 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 1219.3384, compared to 1198.1221 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 21.2162 points.

H1 Avg (Jan–Jun) 1219.3384

H2 Avg (Jul–Dec) 1198.1221

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 104.1347 MGA (High: 1232.0677 / Low: 1127.9330). On the other end, April was the most stable month, with a tight range of 31.4871 MGA (High: 1216.6382 / Low: 1185.1510).

November Spread (Volatile) ±104.1347

April Spread (Stable) ±31.4871

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 January and February, when the average rate fell by 63.8309 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -63.8309

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 1277.1880) against the same month in 2022 (average: 1269.0945), the exchange rate shifted by +8.0935 (+0.64%).

2023 Avg (January) 1277.1880

2022 Avg (January) 1269.0945

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1323.0065	1233.6379	1277.1880
February	1263.8068	1171.2993	1213.3571
March	1228.9606	1163.7588	1192.2477
April	1216.6382	1185.1510	1204.3933
May	1214.5164	1179.4524	1199.2710
June	1272.3780	1173.6899	1229.5731
July	1252.6104	1203.0461	1227.7322
August	1235.5821	1176.5326	1202.3181
September	1197.3293	1164.3640	1181.6413
October	1194.3999	1110.7502	1138.5226
November	1232.0677	1127.9330	1187.6727
December	1282.1172	1210.5968	1250.8459