2023 MYR to ILS Historical Review

YEARLY HIGH

0.8524 ILS

YEARLY LOW

0.7684 ILS

YEARLY AVERAGE

0.8083 ILS

2023 MYR to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MYR to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 23, valuing the pair at 0.8524. Conversely, the yearly low was recorded on June 15, dropping to 0.7684.

This high-to-low spread represents a total annual volatility of 0.0840 ILS. From a start-to-finish perspective, comparing the January average rate of 0.7957 to the December average rate of 0.7867, the exchange rate registered a net change of -1.13% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8524 was up 6.37% compared to the 2022 peak of 0.8014, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 20,000 MYR based on timing:

Yearly Peak High 17,048 ILS

2022 Average 15,272 ILS

Yearly Trough Low 15,368 ILS

Transaction Impact: A difference of 1,680.28 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8436

0.7815

JanuMarcMayJulySeptNove

MYR 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 0.8062, compared to 0.8103 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0041 points.

H1 Avg (Jan–Jun) 0.8062

H2 Avg (Jul–Dec) 0.8103

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0530 ILS (High: 0.8413 / Low: 0.7883). On the other end, September was the most stable month, with a tight range of 0.0116 ILS (High: 0.8223 / Low: 0.8107).

November Spread (Volatile) ±0.0530

September Spread (Stable) ±0.0116

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 0.0277 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0277

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.8384) against the same month in 2022 (average: 0.7548), the exchange rate shifted by +0.0836 (+11.08%).

2023 Avg (October) 0.8384

2022 Avg (October) 0.7548

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8157	0.7804	0.7957
February	0.8269	0.7985	0.8118
March	0.8200	0.7895	0.8089
April	0.8342	0.8115	0.8215
May	0.8243	0.7990	0.8125
June	0.8194	0.7684	0.7867
July	0.8213	0.7842	0.7983
August	0.8197	0.8020	0.8123
September	0.8223	0.8107	0.8154
October	0.8524	0.8114	0.8384
November	0.8413	0.7883	0.8108
December	0.7996	0.7748	0.7867