2024 FKP to MXN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 FKP to MXN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the FKP to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on September 28, valuing the pair at 26.3525. Conversely, the yearly low was recorded on April 11, dropping to 20.6390.
This high-to-low spread represents a total annual volatility of 5.7135 MXN. From a start-to-finish perspective, comparing the January average rate of 21.6767 to the December average rate of 25.5885, the exchange rate registered a net change of 18.05% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 26.3525 was up 11.73% compared to the 2023 peak of 23.5858, 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 2024.
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 21.6566, compared to 25.1957 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 3.5391 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 2.3734 MXN (High: 24.0058 / Low: 21.6324). On the other end, February was the most stable month, with a tight range of 0.3120 MXN (High: 21.7708 / Low: 21.4588).
Growth Streaks & Declines
TrendsBetween 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 0.3189 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2024: 25.9089) against the same month in 2023 (average: 21.4266), the exchange rate shifted by +4.4823 (+20.92%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 21.9682 | 21.4525 | 21.6767 |
| February | 21.7708 | 21.4588 | 21.5873 |
| March | 21.6239 | 20.9031 | 21.3092 |
| April | 21.5187 | 20.6390 | 21.0294 |
| May | 21.6763 | 21.0157 | 21.2268 |
| June | 24.0058 | 21.6324 | 23.1101 |
| July | 24.0978 | 22.8675 | 23.2992 |
| August | 26.2286 | 23.9773 | 24.8017 |
| September | 26.3525 | 25.1668 | 25.9089 |
| October | 26.1308 | 25.1939 | 25.6681 |
| November | 26.2769 | 25.5307 | 25.9074 |
| December | 26.1194 | 25.2239 | 25.5885 |