2023 MVR to ILS Historical Review

YEARLY HIGH

0.2648 ILS

YEARLY LOW

0.2189 ILS

YEARLY AVERAGE

0.2398 ILS

2023 MVR to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MVR to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 26, valuing the pair at 0.2648. Conversely, the yearly low was recorded on January 24, dropping to 0.2189.

This high-to-low spread represents a total annual volatility of 0.0460 ILS. From a start-to-finish perspective, comparing the January average rate of 0.2239 to the December average rate of 0.2384, the exchange rate registered a net change of 6.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2648 was up 14.08% compared to the 2022 peak of 0.2321, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,324 ILS

2022 Average 1,089 ILS

Yearly Trough Low 1,094 ILS

Transaction Impact: A difference of 229.76 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2620

0.2204

JanuMarcMayJulySeptNove

MVR 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 0.2338, compared to 0.2457 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0118 points.

H1 Avg (Jan–Jun) 0.2338

H2 Avg (Jul–Dec) 0.2457

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0210 ILS (High: 0.2610 / Low: 0.2400). On the other end, September was the most stable month, with a tight range of 0.0024 ILS (High: 0.2488 / Low: 0.2463).

November Spread (Volatile) ±0.0210

September Spread (Stable) ±0.0024

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 0.0110 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0110

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.2586) against the same month in 2022 (average: 0.2294), the exchange rate shifted by +0.0292 (+12.72%).

2023 Avg (October) 0.2586

2022 Avg (October) 0.2294

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2305	0.2189	0.2239
February	0.2389	0.2208	0.2308
March	0.2391	0.2298	0.2352
April	0.2392	0.2329	0.2367
May	0.2441	0.2359	0.2392
June	0.2448	0.2315	0.2373
July	0.2423	0.2331	0.2384
August	0.2477	0.2367	0.2436
September	0.2488	0.2463	0.2476
October	0.2648	0.2482	0.2586
November	0.2610	0.2400	0.2475
December	0.2424	0.2338	0.2384