2023 CVE to MXN Historical Review

YEARLY HIGH

0.1888 MXN

YEARLY LOW

0.1639 MXN

YEARLY AVERAGE

0.1737 MXN

2023 CVE to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.1888. Conversely, the yearly low was recorded on August 27, dropping to 0.1639.

This high-to-low spread represents a total annual volatility of 0.0249 MXN. From a start-to-finish perspective, comparing the January average rate of 0.1850 to the December average rate of 0.1697, the exchange rate registered a net change of -8.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1888 was down 11.42% compared to the 2022 peak of 0.2131, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 944 MXN

2022 Average 959 MXN

Yearly Trough Low 819 MXN

Transaction Impact: A difference of 124.51 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1868

0.1657

JanuMarcMayJulySeptNove

CVE 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 0.1778, compared to 0.1696 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0082 points.

H1 Avg (Jan–Jun) 0.1778

H2 Avg (Jul–Dec) 0.1696

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0131 MXN (High: 0.1849 / Low: 0.1718). On the other end, April was the most stable month, with a tight range of 0.0042 MXN (High: 0.1815 / Low: 0.1774).

March Spread (Volatile) ±0.0131

April Spread (Stable) ±0.0042

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0054 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0054

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.1850) against the same month in 2022 (average: 0.2098), the exchange rate shifted by -0.0248 (-11.82%).

2023 Avg (January) 0.1850

2022 Avg (January) 0.2098

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1888	0.1825	0.1850
February	0.1880	0.1758	0.1805
March	0.1849	0.1718	0.1786
April	0.1815	0.1774	0.1794
May	0.1794	0.1707	0.1744
June	0.1708	0.1645	0.1690
July	0.1715	0.1664	0.1695
August	0.1720	0.1639	0.1680
September	0.1710	0.1648	0.1675
October	0.1761	0.1670	0.1731
November	0.1724	0.1664	0.1699
December	0.1719	0.1663	0.1697