2023 AFN to MXN Historical Review

YEARLY HIGH

0.2516 MXN

YEARLY LOW

0.1907 MXN

YEARLY AVERAGE

0.2157 MXN

2023 AFN to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 7, valuing the pair at 0.2516. Conversely, the yearly low was recorded on July 28, dropping to 0.1907.

This high-to-low spread represents a total annual volatility of 0.0609 MXN. From a start-to-finish perspective, comparing the January average rate of 0.2134 to the December average rate of 0.2454, the exchange rate registered a net change of 14.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2516 was up 4.32% compared to the 2022 peak of 0.2412, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,258 MXN

2022 Average 1,119 MXN

Yearly Trough Low 954 MXN

Transaction Impact: A difference of 304.30 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2504

0.1903

JanuMarcMayJulySeptNove

AFN to MXN 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 0.2069, compared to 0.2245 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0176 points.

H1 Avg (Jan–Jun) 0.2069

H2 Avg (Jul–Dec) 0.2245

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0301 MXN (High: 0.2399 / Low: 0.2098). On the other end, February was the most stable month, with a tight range of 0.0065 MXN (High: 0.2118 / Low: 0.2054).

September Spread (Volatile) ±0.0301

February Spread (Stable) ±0.0065

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0060 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0060

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.2454) against the same month in 2022 (average: 0.2240), the exchange rate shifted by +0.0214 (+9.57%).

2023 Avg (December) 0.2454

2022 Avg (December) 0.2240

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2220	0.2085	0.2134
February	0.2118	0.2054	0.2074
March	0.2193	0.2006	0.2101
April	0.2119	0.1972	0.2086
May	0.2082	0.1980	0.2026
June	0.2018	0.1952	0.1989
July	0.2004	0.1907	0.1953
August	0.2093	0.1948	0.2012
September	0.2399	0.2098	0.2221
October	0.2464	0.2239	0.2395
November	0.2507	0.2361	0.2433
December	0.2516	0.2398	0.2454