YEARLY HIGH
163.9445 CDF
YEARLY LOW
104.7855 CDF
YEARLY AVERAGE
132.2046 CDF

2023 MXN to CDF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 21, valuing the pair at 163.9445. Conversely, the yearly low was recorded on January 1, dropping to 104.7855.

This high-to-low spread represents a total annual volatility of 59.1590 CDF. From a start-to-finish perspective, comparing the January average rate of 108.0476 to the December average rate of 158.6145, the exchange rate registered a net change of 46.80% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 163.9445 was up 52.88% compared to the 2022 peak of 107.2389, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 8,197,224 CDF
2022 Average 5,024,974 CDF
Yearly Trough Low 5,239,274 CDF
Transaction Impact: A difference of 2,957,949.56 CDF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

163.6712
102.9909
JanuMarcMayJulySeptNove

MXN to CDF 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 117.8153, compared to 146.5939 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 28.7786 points.

H1 Avg (Jan–Jun) 117.8153
H2 Avg (Jul–Dec) 146.5939

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 18.4448 CDF (High: 132.4454 / Low: 114.0007). On the other end, September was the most stable month, with a tight range of 4.3830 CDF (High: 145.1665 / Low: 140.7834).

May Spread (Volatile) ±18.4448
September Spread (Stable) ±4.3830

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 4.3679 points.

Longest Streak 6 Mo.
Sharpest MoM Drop -4.3679

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 158.6145) against the same month in 2022 (average: 104.4336), the exchange rate shifted by +54.1809 (+51.88%).

2023 Avg (December) 158.6145
2022 Avg (December) 104.4336

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 110.2744 104.7855 108.0476
February 113.1391 107.4347 110.9271
March 114.9598 108.6943 112.3797
April 120.9806 112.8757 115.1950
May 132.4454 114.0007 123.4606
June 140.7357 132.5464 136.8819
July 151.2034 140.7357 145.9440
August 148.3472 140.7424 145.7886
September 145.1665 140.7834 143.6025
October 143.3887 135.3318 139.2345
November 156.5632 140.0903 146.3793
December 163.9445 153.8160 158.6145