2023 MDL to ILS Historical Review

YEARLY HIGH

0.2259 ILS

YEARLY LOW

0.1777 ILS

YEARLY AVERAGE

0.2038 ILS

2023 MDL to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MDL to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 0.2259. Conversely, the yearly low was recorded on January 18, dropping to 0.1777.

This high-to-low spread represents a total annual volatility of 0.0482 ILS. From a start-to-finish perspective, comparing the January average rate of 0.1814 to the December average rate of 0.2081, the exchange rate registered a net change of 14.76% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2259 was up 21.50% compared to the 2022 peak of 0.1859, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 MDL based on timing:

Yearly Peak High 1,130 ILS

2022 Average 890 ILS

Yearly Trough Low 889 ILS

Transaction Impact: A difference of 240.92 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2233

0.1775

JanuMarcMayJulySeptNove

MDL to ILS 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 0.1960, compared to 0.2116 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0156 points.

H1 Avg (Jan–Jun) 0.1960

H2 Avg (Jul–Dec) 0.2116

Volatility Range Comparison

Volatility

The most volatile month in 2023 was October, with a trading range of 0.0174 ILS (High: 0.2259 / Low: 0.2085). On the other end, September was the most stable month, with a tight range of 0.0066 ILS (High: 0.2147 / Low: 0.2081).

October Spread (Volatile) ±0.0174

September Spread (Stable) ±0.0066

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0064 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0064

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.2195) against the same month in 2022 (average: 0.1829), the exchange rate shifted by +0.0366 (+19.98%).

2023 Avg (October) 0.2195

2022 Avg (October) 0.1829

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1851	0.1777	0.1814
February	0.1950	0.1808	0.1888
March	0.1976	0.1904	0.1943
April	0.2054	0.1957	0.2015
May	0.2104	0.2020	0.2066
June	0.2112	0.1981	0.2034
July	0.2129	0.1988	0.2049
August	0.2146	0.2049	0.2118
September	0.2147	0.2081	0.2123
October	0.2259	0.2085	0.2195
November	0.2215	0.2075	0.2131
December	0.2117	0.2046	0.2081