2024 ILS to MMK Historical Review

YEARLY HIGH

890.7812 MMK

YEARLY LOW

547.4302 MMK

YEARLY AVERAGE

573.2494 MMK

2024 ILS to MMK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ILS to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 21, valuing the pair at 890.7812. Conversely, the yearly low was recorded on August 6, dropping to 547.4302.

This high-to-low spread represents a total annual volatility of 343.3510 MMK. From a start-to-finish perspective, comparing the January average rate of 566.2358 to the December average rate of 579.0688, the exchange rate registered a net change of 2.27% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 890.7812 was up 42.67% compared to the 2023 peak of 624.3569, 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 4,453,906 MMK

2023 Average 2,851,620 MMK

Yearly Trough Low 2,737,151 MMK

Transaction Impact: A difference of 1,716,755.07 MMK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

626.3165

550.9137

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 572.0597, compared to 574.4392 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.3794 points.

H1 Avg (Jan–Jun) 572.0597

H2 Avg (Jul–Dec) 574.4392

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 332.8656 MMK (High: 890.7812 / Low: 557.9157). On the other end, May was the most stable month, with a tight range of 14.4010 MMK (High: 573.4666 / Low: 559.0656).

July Spread (Volatile) ±332.8656

May Spread (Stable) ±14.4010

Growth Streaks & Declines

Trends

Between April and July, 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 July and August, when the average rate fell by 56.1671 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -56.1671

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2024: 620.0330) against the same month in 2023 (average: 572.2230), the exchange rate shifted by +47.8100 (+8.36%).

2024 Avg (July) 620.0330

2023 Avg (July) 572.2230

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	584.5590	553.1459	566.2358
February	588.1795	568.3045	576.4153
March	588.6131	567.7942	577.8142
April	570.7848	550.3231	558.5076
May	573.4666	559.0656	567.1332
June	662.2223	557.1916	586.2522
July	890.7812	557.9157	620.0330
August	578.2968	547.4302	563.8659
September	577.8476	554.3299	562.4476
October	566.7963	549.7983	557.1973
November	577.3423	558.5611	564.0223
December	588.6430	569.4486	579.0688