2023 ILS to MUR Historical Review

YEARLY HIGH

13.2820 MUR

YEARLY LOW

10.8745 MUR

YEARLY AVERAGE

12.2587 MUR

2023 ILS to MUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to MUR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 3, valuing the pair at 13.2820. Conversely, the yearly low was recorded on October 26, dropping to 10.8745.

This high-to-low spread represents a total annual volatility of 2.4075 MUR. From a start-to-finish perspective, comparing the January average rate of 12.8163 to the December average rate of 12.0493, the exchange rate registered a net change of -5.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 13.2820 was down 6.55% compared to the 2022 peak of 14.2131, 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 66,410 MUR

2022 Average 65,943 MUR

Yearly Trough Low 54,372 MUR

Transaction Impact: A difference of 12,037.74 MUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

13.0806

10.9693

JanuMarcMayJulySeptNove

ILS to MUR 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 12.6511, compared to 11.8663 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7848 points.

H1 Avg (Jan–Jun) 12.6511

H2 Avg (Jul–Dec) 11.8663

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.9801 MUR (High: 12.0044 / Low: 11.0243). On the other end, May was the most stable month, with a tight range of 0.3293 MUR (High: 12.5298 / Low: 12.2005).

November Spread (Volatile) ±0.9801

May Spread (Stable) ±0.3293

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 0.6420 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.6420

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 12.9047) against the same month in 2022 (average: 13.6049), the exchange rate shifted by -0.7002 (-5.15%).

2023 Avg (February) 12.9047

2022 Avg (February) 13.6049

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	13.2463	12.3039	12.8163
February	13.2820	12.5427	12.9047
March	13.1265	12.6087	12.8505
April	12.6977	12.2403	12.4202
May	12.5298	12.2005	12.3770
June	12.9498	12.1241	12.5377
July	12.6784	12.2469	12.4320
August	12.4299	11.9139	12.1497
September	12.2235	11.5854	11.7873
October	11.6722	10.8745	11.1452
November	12.0044	11.0243	11.6341
December	12.3319	11.8708	12.0493