2023 MWK to ILS Historical Review

YEARLY HIGH

0.0037 ILS

YEARLY LOW

0.0021 ILS

YEARLY AVERAGE

0.0033 ILS

2023 MWK to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MWK to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 0.0037. Conversely, the yearly low was recorded on December 30, dropping to 0.0021.

This high-to-low spread represents a total annual volatility of 0.0015 ILS. From a start-to-finish perspective, comparing the January average rate of 0.0034 to the December average rate of 0.0022, the exchange rate registered a net change of -35.38% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0037 was down 13.63% compared to the 2022 peak of 0.0042, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 18 ILS

2022 Average 18 ILS

Yearly Trough Low 11 ILS

Transaction Impact: A difference of 7.65 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0037

0.0020

JanuMarcMayJulySeptNove

MWK 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 0.0035, compared to 0.0031 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0035

H2 Avg (Jul–Dec) 0.0031

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0014 ILS (High: 0.0035 / Low: 0.0022). On the other end, December was the most stable month, with a tight range of 0.0001 ILS (High: 0.0022 / Low: 0.0021).

November Spread (Volatile) ±0.0014

December Spread (Stable) ±0.0001

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 0.0007 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0007

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 0.0036) against the same month in 2022 (average: 0.0035), the exchange rate shifted by +0.0001 (+1.54%).

2023 Avg (June) 0.0036

2022 Avg (June) 0.0035

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0035	0.0033	0.0034
February	0.0036	0.0033	0.0035
March	0.0036	0.0035	0.0035
April	0.0036	0.0035	0.0035
May	0.0036	0.0035	0.0036
June	0.0037	0.0035	0.0036
July	0.0035	0.0034	0.0035
August	0.0035	0.0034	0.0035
September	0.0036	0.0034	0.0035
October	0.0036	0.0033	0.0035
November	0.0035	0.0022	0.0028
December	0.0022	0.0021	0.0022