2023 ILS to MZN Historical Review

YEARLY HIGH

18.9959 MZN

YEARLY LOW

15.6568 MZN

YEARLY AVERAGE

17.3571 MZN

2023 ILS to MZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ILS to MZN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 24, valuing the pair at 18.9959. Conversely, the yearly low was recorded on October 26, dropping to 15.6568.

This high-to-low spread represents a total annual volatility of 3.3391 MZN. From a start-to-finish perspective, comparing the January average rate of 18.5534 to the December average rate of 17.4355, the exchange rate registered a net change of -6.03% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 18.9959 was down 8.23% compared to the 2022 peak of 20.6986, 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 94,980 MZN

2022 Average 95,209 MZN

Yearly Trough Low 78,284 MZN

Transaction Impact: A difference of 16,695.60 MZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

18.8029

15.8085

JanuMarcMayJulySeptNove

ILS to MZN 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 17.7986, compared to 16.9157 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.8830 points.

H1 Avg (Jan–Jun) 17.7986

H2 Avg (Jul–Dec) 16.9157

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 1.4245 MZN (High: 18.8465 / Low: 17.4220). On the other end, September was the most stable month, with a tight range of 0.2003 MZN (High: 16.8151 / Low: 16.6149).

February Spread (Volatile) ±1.4245

September Spread (Stable) ±0.2003

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 0.6825 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.6825

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 18.5534) against the same month in 2022 (average: 20.3600), the exchange rate shifted by -1.8066 (-8.87%).

2023 Avg (January) 18.5534

2022 Avg (January) 20.3600

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	18.9959	17.9914	18.5534
February	18.8465	17.4220	18.0398
March	18.0300	17.4092	17.6711
April	17.8718	17.4006	17.5733
May	17.6439	17.1088	17.4030
June	17.9783	17.0370	17.5511
July	17.7743	17.0452	17.4002
August	17.5352	16.7816	17.0548
September	16.8151	16.6149	16.7406
October	16.7196	15.6568	16.0581
November	17.3401	15.9187	16.8048
December	17.7458	17.1523	17.4355