2023 MXN to ILS Historical Review

YEARLY HIGH

0.2270 ILS

YEARLY LOW

0.1789 ILS

YEARLY AVERAGE

0.2082 ILS

2023 MXN to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 0.2270. Conversely, the yearly low was recorded on January 18, dropping to 0.1789.

This high-to-low spread represents a total annual volatility of 0.0482 ILS. From a start-to-finish perspective, comparing the January average rate of 0.1816 to the December average rate of 0.2134, the exchange rate registered a net change of 17.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2270 was up 24.66% compared to the 2022 peak of 0.1821, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 11,352 ILS

2022 Average 8,358 ILS

Yearly Trough Low 8,943 ILS

Transaction Impact: A difference of 2,409.27 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2246

0.1777

JanuMarcMayJulySeptNove

MXN 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 0.1980, compared to 0.2184 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0203 points.

H1 Avg (Jan–Jun) 0.1980

H2 Avg (Jul–Dec) 0.2184

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0196 ILS (High: 0.1998 / Low: 0.1802). On the other end, December was the most stable month, with a tight range of 0.0047 ILS (High: 0.2163 / Low: 0.2116).

February Spread (Volatile) ±0.0196

December Spread (Stable) ±0.0047

Growth Streaks & Declines

Trends

Between January and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0054 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0054

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.2205) against the same month in 2022 (average: 0.1635), the exchange rate shifted by +0.0570 (+34.89%).

2023 Avg (August) 0.2205

2022 Avg (August) 0.1635

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1844	0.1789	0.1816
February	0.1998	0.1802	0.1907
March	0.2044	0.1908	0.1965
April	0.2041	0.1958	0.2012
May	0.2119	0.2019	0.2071
June	0.2166	0.2065	0.2111
July	0.2220	0.2131	0.2167
August	0.2270	0.2128	0.2205
September	0.2235	0.2171	0.2207
October	0.2247	0.2114	0.2200
November	0.2270	0.2130	0.2189
December	0.2163	0.2116	0.2134