2023 MXN to AZN Historical Review

YEARLY HIGH

0.1019 AZN

YEARLY LOW

0.0872 AZN

YEARLY AVERAGE

0.0960 AZN

2023 MXN to AZN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to AZN exchange rate experienced significant fluctuation. The market reached its absolute peak on July 30, valuing the pair at 0.1019. Conversely, the yearly low was recorded on January 1, dropping to 0.0872.

This high-to-low spread represents a total annual volatility of 0.0147 AZN. From a start-to-finish perspective, comparing the January average rate of 0.0897 to the December average rate of 0.0990, the exchange rate registered a net change of 10.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1019 was up 14.74% compared to the 2022 peak of 0.0888, 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 5,095 AZN

2022 Average 4,229 AZN

Yearly Trough Low 4,360 AZN

Transaction Impact: A difference of 735.20 AZN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1016

0.0886

JanuMarcMayJulySeptNove

MXN to AZN 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 0.0937, compared to 0.0983 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0046 points.

H1 Avg (Jan–Jun) 0.0937

H2 Avg (Jul–Dec) 0.0983

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0052 AZN (High: 0.0947 / Low: 0.0895). On the other end, April was the most stable month, with a tight range of 0.0017 AZN (High: 0.0945 / Low: 0.0928).

March Spread (Volatile) ±0.0052

April Spread (Stable) ±0.0017

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 0.0043 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0043

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.1005) against the same month in 2022 (average: 0.0829), the exchange rate shifted by +0.0176 (+21.18%).

2023 Avg (July) 0.1005

2022 Avg (July) 0.0829

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0911	0.0872	0.0897
February	0.0929	0.0887	0.0914
March	0.0947	0.0895	0.0924
April	0.0945	0.0928	0.0941
May	0.0974	0.0946	0.0959
June	0.0996	0.0968	0.0986
July	0.1019	0.0986	0.1005
August	0.1016	0.0981	0.1001
September	0.0996	0.0961	0.0983
October	0.0976	0.0927	0.0940
November	0.0993	0.0955	0.0979
December	0.1004	0.0973	0.0990