2024 MVR to ILS Historical Review

YEARLY HIGH

0.2578 ILS

YEARLY LOW

0.2314 ILS

YEARLY AVERAGE

0.2403 ILS

2024 MVR to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MVR to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on May 2, valuing the pair at 0.2578. Conversely, the yearly low was recorded on December 9, dropping to 0.2314.

This high-to-low spread represents a total annual volatility of 0.0264 ILS. From a start-to-finish perspective, comparing the January average rate of 0.2408 to the December average rate of 0.2352, the exchange rate registered a net change of -2.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2578 was down 2.65% compared to the 2023 peak of 0.2648, 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 1,289 ILS

2023 Average 1,199 ILS

Yearly Trough Low 1,157 ILS

Transaction Impact: A difference of 131.76 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2463

0.2342

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 0.2398, compared to 0.2408 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0010 points.

H1 Avg (Jan–Jun) 0.2398

H2 Avg (Jul–Dec) 0.2408

Volatility Range Comparison

Volatility

The most volatile month in 2024 was May, with a trading range of 0.0211 ILS (High: 0.2578 / Low: 0.2366). On the other end, October was the most stable month, with a tight range of 0.0075 ILS (High: 0.2486 / Low: 0.2411).

May Spread (Volatile) ±0.0211

October Spread (Stable) ±0.0075

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0059 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0059

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 0.2400) against the same month in 2023 (average: 0.2392), the exchange rate shifted by +0.0009 (+0.36%).

2024 Avg (May) 0.2400

2023 Avg (May) 0.2392

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2464	0.2339	0.2408
February	0.2402	0.2316	0.2367
March	0.2391	0.2316	0.2354
April	0.2474	0.2380	0.2432
May	0.2578	0.2366	0.2400
June	0.2467	0.2382	0.2425
July	0.2449	0.2337	0.2386
August	0.2495	0.2362	0.2420
September	0.2464	0.2364	0.2429
October	0.2486	0.2411	0.2452
November	0.2444	0.2351	0.2410
December	0.2392	0.2314	0.2352