2023 BOB to MXN Historical Review

YEARLY HIGH

2.8215 MXN

YEARLY LOW

2.4143 MXN

YEARLY AVERAGE

2.5677 MXN

2023 BOB to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.8215. Conversely, the yearly low was recorded on July 31, dropping to 2.4143.

This high-to-low spread represents a total annual volatility of 0.4071 MXN. From a start-to-finish perspective, comparing the January average rate of 2.7445 to the December average rate of 2.4815, the exchange rate registered a net change of -9.58% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.8215 was down 9.37% compared to the 2022 peak of 3.1130, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 14,107 MXN

2022 Average 14,586 MXN

Yearly Trough Low 12,072 MXN

Transaction Impact: A difference of 2,035.72 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7738

2.4217

JanuMarcMayJulySeptNove

BOB 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 2.6302, compared to 2.5053 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1249 points.

H1 Avg (Jan–Jun) 2.6302

H2 Avg (Jul–Dec) 2.5053

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.1781 MXN (High: 2.7761 / Low: 2.5980). On the other end, April was the most stable month, with a tight range of 0.0449 MXN (High: 2.6448 / Low: 2.5999).

March Spread (Volatile) ±0.1781

April Spread (Stable) ±0.0449

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 0.1019 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.7445) against the same month in 2022 (average: 2.9758), the exchange rate shifted by -0.2313 (-7.77%).

2023 Avg (January) 2.7445

2022 Avg (January) 2.9758

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.8215	2.6976	2.7445
February	2.7754	2.6495	2.6910
March	2.7761	2.5980	2.6676
April	2.6448	2.5999	2.6152
May	2.6016	2.5243	2.5666
June	2.5412	2.4712	2.4961
July	2.5013	2.4143	2.4510
August	2.5104	2.4202	2.4583
September	2.5573	2.4698	2.5039
October	2.6543	2.5142	2.6195
November	2.5750	2.4774	2.5176
December	2.5270	2.4429	2.4815