2023 MOP to ILS Historical Review

YEARLY HIGH

0.5061 ILS

YEARLY LOW

0.4171 ILS

YEARLY AVERAGE

0.4572 ILS

2023 MOP to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MOP to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 0.5061. Conversely, the yearly low was recorded on January 23, dropping to 0.4171.

This high-to-low spread represents a total annual volatility of 0.0890 ILS. From a start-to-finish perspective, comparing the January average rate of 0.4276 to the December average rate of 0.4550, the exchange rate registered a net change of 6.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5061 was up 13.96% compared to the 2022 peak of 0.4441, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,530 ILS

2022 Average 2,082 ILS

Yearly Trough Low 2,086 ILS

Transaction Impact: A difference of 444.97 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5006

0.4210

JanuMarcMayJulySeptNove

MOP 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 0.4450, compared to 0.4694 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0243 points.

H1 Avg (Jan–Jun) 0.4450

H2 Avg (Jul–Dec) 0.4694

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0399 ILS (High: 0.4984 / Low: 0.4585). On the other end, September was the most stable month, with a tight range of 0.0071 ILS (High: 0.4768 / Low: 0.4697).

November Spread (Volatile) ±0.0399

September Spread (Stable) ±0.0071

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 0.0204 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0204

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.4940) against the same month in 2022 (average: 0.4381), the exchange rate shifted by +0.0558 (+12.74%).

2023 Avg (October) 0.4940

2022 Avg (October) 0.4381

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4414	0.4171	0.4276
February	0.4540	0.4197	0.4385
March	0.4585	0.4389	0.4479
April	0.4561	0.4415	0.4500
May	0.4630	0.4484	0.4548
June	0.4645	0.4406	0.4514
July	0.4630	0.4460	0.4558
August	0.4717	0.4528	0.4646
September	0.4768	0.4697	0.4733
October	0.5061	0.4713	0.4940
November	0.4984	0.4585	0.4735
December	0.4623	0.4467	0.4550