2023 ILS to MMK Historical Review

YEARLY HIGH

624.3569 MMK

YEARLY LOW

515.0336 MMK

YEARLY AVERAGE

570.4379 MMK

2023 ILS to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on January 23, valuing the pair at 624.3569. Conversely, the yearly low was recorded on October 26, dropping to 515.0336.

This high-to-low spread represents a total annual volatility of 109.3234 MMK. From a start-to-finish perspective, comparing the January average rate of 609.8879 to the December average rate of 573.8028, the exchange rate registered a net change of -5.92% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 624.3569 was down 3.79% compared to the 2022 peak of 648.9569, 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 3,121,785 MMK

2022 Average 2,870,286 MMK

Yearly Trough Low 2,575,168 MMK

Transaction Impact: A difference of 546,616.86 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

618.1123

519.4199

JanuMarcMayJulySeptNove

ILS to MMK 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 584.7902, compared to 556.0856 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 28.7046 points.

H1 Avg (Jan–Jun) 584.7902

H2 Avg (Jul–Dec) 556.0856

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 47.1145 MMK (High: 619.3406 / Low: 572.2262). On the other end, September was the most stable month, with a tight range of 7.9262 MMK (High: 553.3575 / Low: 545.4314).

February Spread (Volatile) ±47.1145

September Spread (Stable) ±7.9262

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 September and October, when the average rate fell by 22.4865 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -22.4865

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 609.8879) against the same month in 2022 (average: 566.8802), the exchange rate shifted by +43.0077 (+7.59%).

2023 Avg (January) 609.8879

2022 Avg (January) 566.8802

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	624.3569	591.5978	609.8879
February	619.3406	572.2262	592.9070
March	591.6708	566.5038	580.0438
April	588.1436	569.4862	577.1808
May	578.9899	562.0266	571.9259
June	591.1917	559.9773	576.7955
July	585.2203	562.4294	572.2230
August	577.7312	551.9934	560.8815
September	553.3575	545.4314	550.1308
October	552.3704	515.0336	527.6443
November	569.9075	522.8798	551.8310
December	584.3110	564.2055	573.8028