2024 BOB to MXN Historical Review

YEARLY HIGH

3.0198 MXN

YEARLY LOW

2.3643 MXN

YEARLY AVERAGE

2.6501 MXN

2024 BOB to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BOB to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 31, valuing the pair at 3.0198. Conversely, the yearly low was recorded on April 8, dropping to 2.3643.

This high-to-low spread represents a total annual volatility of 0.6555 MXN. From a start-to-finish perspective, comparing the January average rate of 2.4689 to the December average rate of 2.9310, the exchange rate registered a net change of 18.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 3.0198 was up 7.03% compared to the 2023 peak of 2.8215, 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 15,099 MXN

2023 Average 12,836 MXN

Yearly Trough Low 11,821 MXN

Transaction Impact: A difference of 3,277.64 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.9882

2.3759

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 2.4767, compared to 2.8236 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.3468 points.

H1 Avg (Jan–Jun) 2.4767

H2 Avg (Jul–Dec) 2.8236

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.2620 MXN (High: 2.7151 / Low: 2.4532). On the other end, February was the most stable month, with a tight range of 0.0300 MXN (High: 2.4897 / Low: 2.4598).

June Spread (Volatile) ±0.2620

February Spread (Stable) ±0.0300

Growth Streaks & Declines

Trends

Between July and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 0.0454 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0454

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2024: 2.9310) against the same month in 2023 (average: 2.4815), the exchange rate shifted by +0.4495 (+18.11%).

2024 Avg (December) 2.9310

2023 Avg (December) 2.4815

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5060	2.4378	2.4689
February	2.4897	2.4598	2.4723
March	2.4706	2.3881	2.4269
April	2.4842	2.3643	2.4291
May	2.4620	2.3933	2.4312
June	2.7151	2.4532	2.6318
July	2.7155	2.5504	2.6207
August	2.8645	2.6899	2.7739
September	2.9067	2.7629	2.8348
October	2.9158	2.7780	2.8439
November	2.9995	2.8569	2.9371
December	3.0198	2.9063	2.9310