2023 GMD to MXN Historical Review

YEARLY HIGH

0.3147 MXN

YEARLY LOW

0.2512 MXN

YEARLY AVERAGE

0.2853 MXN

2023 GMD to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GMD to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 0.3147. Conversely, the yearly low was recorded on December 27, dropping to 0.2512.

This high-to-low spread represents a total annual volatility of 0.0635 MXN. From a start-to-finish perspective, comparing the January average rate of 0.3058 to the December average rate of 0.2549, the exchange rate registered a net change of -16.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3147 was down 21.42% compared to the 2022 peak of 0.4005, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,574 MXN

2022 Average 1,821 MXN

Yearly Trough Low 1,256 MXN

Transaction Impact: A difference of 317.62 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3108

0.2498

JanuMarcMayJulySeptNove

GMD 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 0.2981, compared to 0.2724 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0257 points.

H1 Avg (Jan–Jun) 0.2981

H2 Avg (Jul–Dec) 0.2724

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0243 MXN (High: 0.2908 / Low: 0.2665). On the other end, June was the most stable month, with a tight range of 0.0083 MXN (High: 0.2949 / Low: 0.2865).

September Spread (Volatile) ±0.0243

June Spread (Stable) ±0.0083

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 October and November, when the average rate fell by 0.0159 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0159

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.3058) against the same month in 2022 (average: 0.3883), the exchange rate shifted by -0.0825 (-21.25%).

2023 Avg (January) 0.3058

2022 Avg (January) 0.3883

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3147	0.2995	0.3058
February	0.3143	0.2996	0.3044
March	0.3090	0.2899	0.2999
April	0.3004	0.2887	0.2922
May	0.3015	0.2925	0.2966
June	0.2949	0.2865	0.2899
July	0.2892	0.2792	0.2837
August	0.2870	0.2751	0.2804
September	0.2908	0.2665	0.2800
October	0.2791	0.2699	0.2757
November	0.2731	0.2544	0.2598
December	0.2596	0.2512	0.2549