2024 MXN to ARS Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MXN to ARS Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MXN to ARS exchange rate experienced significant fluctuation. The market reached its absolute peak on May 20, valuing the pair at 53.6818. Conversely, the yearly low was recorded on August 4, dropping to 47.3296.
This high-to-low spread represents a total annual volatility of 6.3522 ARS. From a start-to-finish perspective, comparing the January average rate of 47.9386 to the December average rate of 50.3579, the exchange rate registered a net change of 5.05% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 53.6818 was up 12.38% compared to the 2023 peak of 47.7676, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MXN to ARS 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 50.2536, compared to 49.7300 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5236 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 4.6535 ARS (High: 52.7214 / Low: 48.0679). On the other end, January was the most stable month, with a tight range of 0.9063 ARS (High: 48.3915 / Low: 47.4852).
Growth Streaks & Declines
TrendsBetween January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 3.0131 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (May 2024: 52.7161) against the same month in 2023 (average: 13.0180), the exchange rate shifted by +39.6980 (+304.95%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 48.3915 | 47.4852 | 47.9386 |
| February | 49.4028 | 48.2494 | 48.8072 |
| March | 51.7746 | 49.4801 | 50.7274 |
| April | 52.9315 | 50.7830 | 51.6295 |
| May | 53.6818 | 51.3939 | 52.7161 |
| June | 52.7214 | 48.0679 | 49.7030 |
| July | 52.2812 | 49.6640 | 50.9381 |
| August | 50.5840 | 47.3296 | 49.1239 |
| September | 50.2651 | 47.6490 | 49.0112 |
| October | 50.6581 | 49.0303 | 49.7751 |
| November | 50.1741 | 48.4303 | 49.1738 |
| December | 50.8875 | 49.4019 | 50.3579 |