2024 MYR to ILS Historical Review

YEARLY HIGH

0.9062 ILS

YEARLY LOW

0.7515 ILS

YEARLY AVERAGE

0.8104 ILS

2024 MYR to ILS Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MYR to ILS exchange rate experienced significant fluctuation. The market reached its absolute peak on October 2, valuing the pair at 0.9062. Conversely, the yearly low was recorded on March 2, dropping to 0.7515.

This high-to-low spread represents a total annual volatility of 0.1548 ILS. From a start-to-finish perspective, comparing the January average rate of 0.7921 to the December average rate of 0.8122, the exchange rate registered a net change of 2.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.9062 was up 6.31% compared to the 2023 peak of 0.8524, 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 18,125 ILS

2023 Average 16,164 ILS

Yearly Trough Low 15,029 ILS

Transaction Impact: A difference of 3,095.14 ILS purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.8876

0.7533

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 0.7821, compared to 0.8387 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0565 points.

H1 Avg (Jan–Jun) 0.7821

H2 Avg (Jul–Dec) 0.8387

Volatility Range Comparison

Volatility

The most volatile month in 2024 was September, with a trading range of 0.0675 ILS (High: 0.9060 / Low: 0.8385). On the other end, May was the most stable month, with a tight range of 0.0141 ILS (High: 0.7906 / Low: 0.7765).

September Spread (Volatile) ±0.0675

May Spread (Stable) ±0.0141

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 October and November, when the average rate fell by 0.0370 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0370

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 0.8764) against the same month in 2023 (average: 0.8384), the exchange rate shifted by +0.0380 (+4.53%).

2024 Avg (October) 0.8764

2023 Avg (October) 0.8384

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.8066	0.7696	0.7921
February	0.7753	0.7517	0.7645
March	0.7826	0.7515	0.7700
April	0.8024	0.7750	0.7888
May	0.7906	0.7765	0.7848
June	0.8026	0.7793	0.7925
July	0.8185	0.7700	0.7846
August	0.8645	0.8281	0.8431
September	0.9060	0.8385	0.8762
October	0.9062	0.8453	0.8764
November	0.8633	0.8161	0.8394
December	0.8239	0.8009	0.8122