2023 BIF to MXN Historical Review

YEARLY HIGH

0.0094 MXN

YEARLY LOW

0.0059 MXN

YEARLY AVERAGE

0.0072 MXN

2023 BIF to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.0094. Conversely, the yearly low was recorded on July 28, dropping to 0.0059.

This high-to-low spread represents a total annual volatility of 0.0035 MXN. From a start-to-finish perspective, comparing the January average rate of 0.0092 to the December average rate of 0.0060, the exchange rate registered a net change of -34.31% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0094 was down 11.13% compared to the 2022 peak of 0.0106, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 47 MXN

2022 Average 49 MXN

Yearly Trough Low 29 MXN

Transaction Impact: A difference of 17.69 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0095

0.0057

JanuMarcMayJulySeptNove

BIF 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 0.0082, compared to 0.0061 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0021 points.

H1 Avg (Jan–Jun) 0.0082

H2 Avg (Jul–Dec) 0.0061

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.0024 MXN (High: 0.0086 / Low: 0.0062). On the other end, April was the most stable month, with a tight range of 0.0002 MXN (High: 0.0088 / Low: 0.0086).

May Spread (Volatile) ±0.0024

April Spread (Stable) ±0.0002

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 May and June, when the average rate fell by 0.0015 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0092) against the same month in 2022 (average: 0.0102), the exchange rate shifted by -0.0011 (-10.48%).

2023 Avg (January) 0.0092

2022 Avg (January) 0.0102

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0094	0.0090	0.0092
February	0.0093	0.0088	0.0090
March	0.0092	0.0086	0.0089
April	0.0088	0.0086	0.0087
May	0.0086	0.0062	0.0076
June	0.0062	0.0060	0.0061
July	0.0061	0.0059	0.0060
August	0.0061	0.0059	0.0060
September	0.0062	0.0060	0.0061
October	0.0065	0.0061	0.0064
November	0.0063	0.0060	0.0061
December	0.0061	0.0059	0.0060