2023 MUR to ILS Historical Review

YEARLY HIGH

0.0920 ILS

YEARLY LOW

0.0753 ILS

YEARLY AVERAGE

0.0817 ILS

2023 MUR to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MUR to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 0.0920. Conversely, the yearly low was recorded on February 3, dropping to 0.0753.

This high-to-low spread represents a total annual volatility of 0.0167 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0781 to the December average rate of 0.0830, the exchange rate registered a net change of 6.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0920 was up 12.48% compared to the 2022 peak of 0.0818, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 460 ILS

2022 Average 380 ILS

Yearly Trough Low 376 ILS

Transaction Impact: A difference of 83.34 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0910

0.0763

JanuMarcMayJulySeptNove

MUR 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 0.0791, compared to 0.0844 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0053 points.

H1 Avg (Jan–Jun) 0.0791

H2 Avg (Jul–Dec) 0.0844

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0074 ILS (High: 0.0907 / Low: 0.0833). On the other end, May was the most stable month, with a tight range of 0.0022 ILS (High: 0.0820 / Low: 0.0798).

November Spread (Volatile) ±0.0074

May Spread (Stable) ±0.0022

Growth Streaks & Declines

Trends

Between June and October, 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 0.0038 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0038

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0898) against the same month in 2022 (average: 0.0792), the exchange rate shifted by +0.0105 (+13.29%).

2023 Avg (October) 0.0898

2022 Avg (October) 0.0792

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0813	0.0755	0.0781
February	0.0797	0.0753	0.0775
March	0.0793	0.0762	0.0778
April	0.0817	0.0788	0.0805
May	0.0820	0.0798	0.0808
June	0.0825	0.0772	0.0798
July	0.0817	0.0789	0.0804
August	0.0839	0.0805	0.0823
September	0.0863	0.0818	0.0848
October	0.0920	0.0857	0.0898
November	0.0907	0.0833	0.0860
December	0.0842	0.0811	0.0830