2023 EUR to MXN Historical Review

YEARLY HIGH

20.8729 MXN

YEARLY LOW

18.0679 MXN

YEARLY AVERAGE

19.1920 MXN

2023 EUR to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EUR to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 20.8729. Conversely, the yearly low was recorded on August 27, dropping to 18.0679.

This high-to-low spread represents a total annual volatility of 2.8050 MXN. From a start-to-finish perspective, comparing the January average rate of 20.4568 to the December average rate of 18.7501, the exchange rate registered a net change of -8.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 20.8729 was down 11.85% compared to the 2022 peak of 23.6779, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 104,364 MXN

2022 Average 105,976 MXN

Yearly Trough Low 90,339 MXN

Transaction Impact: A difference of 14,025.06 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

20.6554

18.2724

JanuMarcMayJulySeptNove

EUR 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 19.6547, compared to 18.7293 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9254 points.

H1 Avg (Jan–Jun) 19.6547

H2 Avg (Jul–Dec) 18.7293

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 1.4190 MXN (High: 20.3808 / Low: 18.9618). On the other end, June was the most stable month, with a tight range of 0.3126 MXN (High: 18.8883 / Low: 18.5757).

March Spread (Volatile) ±1.4190

June Spread (Stable) ±0.3126

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 0.5888 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.5888

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 20.4568) against the same month in 2022 (average: 23.2096), the exchange rate shifted by -2.7528 (-11.86%).

2023 Avg (January) 20.4568

2022 Avg (January) 23.2096

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	20.8729	20.1333	20.4568
February	20.5688	19.3600	19.9044
March	20.3808	18.9618	19.7235
April	20.0593	19.4977	19.8544
May	19.9129	18.8462	19.2889
June	18.8883	18.5757	18.7001
July	18.9167	18.3919	18.7101
August	18.9845	18.0679	18.5331
September	18.8677	18.1952	18.4710
October	19.3976	18.3927	19.1111
November	18.9822	18.6222	18.8003
December	18.9319	18.6149	18.7501