2023 MXN to BAM Historical Review

YEARLY HIGH

0.1083 BAM

YEARLY LOW

0.0940 BAM

YEARLY AVERAGE

0.1021 BAM

2023 MXN to BAM Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to BAM exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 0.1083. Conversely, the yearly low was recorded on January 1, dropping to 0.0940.

This high-to-low spread represents a total annual volatility of 0.0143 BAM. From a start-to-finish perspective, comparing the January average rate of 0.0958 to the December average rate of 0.1044, the exchange rate registered a net change of 8.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1083 was up 5.85% compared to the 2022 peak of 0.1023, 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 5,413 BAM

2022 Average 4,628 BAM

Yearly Trough Low 4,698 BAM

Transaction Impact: A difference of 714.44 BAM purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1067

0.0949

JanuMarcMayJulySeptNove

MXN to BAM 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 0.0997, compared to 0.1044 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0048 points.

H1 Avg (Jan–Jun) 0.0997

H2 Avg (Jul–Dec) 0.1044

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0073 BAM (High: 0.1032 / Low: 0.0959). On the other end, December was the most stable month, with a tight range of 0.0020 BAM (High: 0.1051 / Low: 0.1031).

March Spread (Volatile) ±0.0073

December Spread (Stable) ±0.0020

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0034 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0034

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.1055) against the same month in 2022 (average: 0.0960), the exchange rate shifted by +0.0096 (+9.96%).

2023 Avg (August) 0.1055

2022 Avg (August) 0.0960

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0975	0.0940	0.0958
February	0.1007	0.0943	0.0982
March	0.1032	0.0959	0.0993
April	0.0997	0.0976	0.0986
May	0.1037	0.0986	0.1015
June	0.1057	0.1034	0.1047
July	0.1065	0.1028	0.1045
August	0.1083	0.1031	0.1055
September	0.1074	0.1034	0.1057
October	0.1061	0.1008	0.1023
November	0.1051	0.1028	0.1042
December	0.1051	0.1031	0.1044