2023 BND to MXN Historical Review

YEARLY HIGH

14.5471 MXN

YEARLY LOW

12.3375 MXN

YEARLY AVERAGE

13.2146 MXN

2023 BND to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 14.5471. Conversely, the yearly low was recorded on August 27, dropping to 12.3375.

This high-to-low spread represents a total annual volatility of 2.2095 MXN. From a start-to-finish perspective, comparing the January average rate of 14.2916 to the December average rate of 12.8845, the exchange rate registered a net change of -9.85% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 14.5471 was down 7.34% compared to the 2022 peak of 15.6994, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 72,735 MXN

2022 Average 72,943 MXN

Yearly Trough Low 61,688 MXN

Transaction Impact: A difference of 11,047.65 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

14.4630

12.4069

JanuMarcMayJulySeptNove

BND 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 13.6059, compared to 12.8234 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7826 points.

H1 Avg (Jan–Jun) 13.6059

H2 Avg (Jul–Dec) 12.8234

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 1.0090 MXN (High: 14.2829 / Low: 13.2738). On the other end, July was the most stable month, with a tight range of 0.2422 MXN (High: 12.7914 / Low: 12.5493).

March Spread (Volatile) ±1.0090

July Spread (Stable) ±0.2422

Growth Streaks & Declines

Trends

Between August and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.4264 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4264

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 14.2916) against the same month in 2022 (average: 15.1814), the exchange rate shifted by -0.8898 (-5.86%).

2023 Avg (January) 14.2916

2022 Avg (January) 15.1814

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	14.5471	14.0940	14.2916
February	14.4751	13.5740	13.9648
March	14.2829	13.2738	13.7395
April	13.8006	13.4639	13.5832
May	13.4934	13.0093	13.2414
June	13.0129	12.6101	12.8150
July	12.7914	12.5493	12.6790
August	12.9203	12.3375	12.5783
September	12.9309	12.5167	12.6969
October	13.4109	12.7546	13.2151
November	13.0990	12.7498	12.8863
December	13.0775	12.8015	12.8845