2024 CVE to MXN Historical Review

YEARLY HIGH

0.2011 MXN

YEARLY LOW

0.1608 MXN

YEARLY AVERAGE

0.1796 MXN

2024 CVE to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 10, valuing the pair at 0.2011. Conversely, the yearly low was recorded on April 8, dropping to 0.1608.

This high-to-low spread represents a total annual volatility of 0.0403 MXN. From a start-to-finish perspective, comparing the January average rate of 0.1687 to the December average rate of 0.1925, the exchange rate registered a net change of 14.11% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.2011 was up 6.56% compared to the 2023 peak of 0.1888, 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 1,006 MXN

2023 Average 868 MXN

Yearly Trough Low 804 MXN

Transaction Impact: A difference of 201.46 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.2005

0.1603

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 0.1677, compared to 0.1915 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0237 points.

H1 Avg (Jan–Jun) 0.1677

H2 Avg (Jul–Dec) 0.1915

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0161 MXN (High: 0.1831 / Low: 0.1670). On the other end, February was the most stable month, with a tight range of 0.0025 MXN (High: 0.1682 / Low: 0.1657).

June Spread (Volatile) ±0.0161

February Spread (Stable) ±0.0025

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0034 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 0.1972) against the same month in 2023 (average: 0.1675), the exchange rate shifted by +0.0297 (+17.73%).

2024 Avg (September) 0.1972

2023 Avg (September) 0.1675

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1707	0.1664	0.1687
February	0.1682	0.1657	0.1671
March	0.1675	0.1617	0.1651
April	0.1671	0.1608	0.1636
May	0.1673	0.1629	0.1644
June	0.1831	0.1670	0.1773
July	0.1840	0.1730	0.1780
August	0.2000	0.1850	0.1910
September	0.2011	0.1923	0.1972
October	0.1978	0.1903	0.1942
November	0.2002	0.1922	0.1959
December	0.1970	0.1890	0.1925