2023 ILS to MOP Historical Review

YEARLY HIGH

2.3975 MOP

YEARLY LOW

1.9759 MOP

YEARLY AVERAGE

2.1906 MOP

2023 ILS to MOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to MOP exchange rate experienced significant fluctuation. The market reached its absolute peak on January 23, valuing the pair at 2.3975. Conversely, the yearly low was recorded on October 26, dropping to 1.9759.

This high-to-low spread represents a total annual volatility of 0.4216 MOP. From a start-to-finish perspective, comparing the January average rate of 2.3391 to the December average rate of 2.1982, the exchange rate registered a net change of -6.02% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3975 was down 7.82% compared to the 2022 peak of 2.6008, 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 11,987 MOP

2022 Average 12,024 MOP

Yearly Trough Low 9,880 MOP

Transaction Impact: A difference of 2,107.94 MOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3705

1.9940

JanuMarcMayJulySeptNove

ILS to MOP 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 2.2486, compared to 2.1327 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1159 points.

H1 Avg (Jan–Jun) 2.2486

H2 Avg (Jul–Dec) 2.1327

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1798 MOP (High: 2.3825 / Low: 2.2027). On the other end, September was the most stable month, with a tight range of 0.0316 MOP (High: 2.1289 / Low: 2.0974).

February Spread (Volatile) ±0.1798

September Spread (Stable) ±0.0316

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 0.0874 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0874

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.3391) against the same month in 2022 (average: 2.5591), the exchange rate shifted by -0.2199 (-8.59%).

2023 Avg (January) 2.3391

2022 Avg (January) 2.5591

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3975	2.2657	2.3391
February	2.3825	2.2027	2.2819
March	2.2782	2.1812	2.2331
April	2.2650	2.1927	2.2223
May	2.2303	2.1597	2.1991
June	2.2694	2.1528	2.2160
July	2.2422	2.1599	2.1941
August	2.2085	2.1199	2.1526
September	2.1289	2.0974	2.1128
October	2.1218	1.9759	2.0254
November	2.1810	2.0063	2.1130
December	2.2389	2.1630	2.1982