2023 FKP to MXN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 FKP to MXN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the FKP to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 23.5858. Conversely, the yearly low was recorded on September 24, dropping to 21.0405.
This high-to-low spread represents a total annual volatility of 2.5454 MXN. From a start-to-finish perspective, comparing the January average rate of 23.2181 to the December average rate of 21.7425, the exchange rate registered a net change of -6.36% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 23.5858 was down 15.76% compared to the 2022 peak of 27.9974, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 FKP based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
FKP to MXN Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 22.3998, compared to 21.6900 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.7098 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 1.7988 MXN (High: 23.0980 / Low: 21.2992). On the other end, June was the most stable month, with a tight range of 0.3981 MXN (High: 21.9875 / Low: 21.5894).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.7821 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 23.2181) against the same month in 2022 (average: 27.7888), the exchange rate shifted by -4.5708 (-16.45%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 23.5858 | 22.9171 | 23.2181 |
| February | 23.0555 | 21.9577 | 22.4360 |
| March | 23.0980 | 21.2992 | 22.3454 |
| April | 22.8212 | 22.1716 | 22.4870 |
| May | 22.5853 | 21.7342 | 22.1194 |
| June | 21.9875 | 21.5894 | 21.7926 |
| July | 22.1272 | 21.4395 | 21.7905 |
| August | 22.0447 | 21.0692 | 21.5754 |
| September | 21.9899 | 21.0405 | 21.4266 |
| October | 22.3103 | 21.2287 | 22.0133 |
| November | 21.9659 | 21.3827 | 21.5914 |
| December | 22.0694 | 21.5565 | 21.7425 |