2023 MXN to BIF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MXN to BIF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MXN to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 28, valuing the pair at 169.8663. Conversely, the yearly low was recorded on January 1, dropping to 106.0903.
This high-to-low spread represents a total annual volatility of 63.7760 BIF. From a start-to-finish perspective, comparing the January average rate of 109.1100 to the December average rate of 166.0804, the exchange rate registered a net change of 52.21% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 169.8663 was up 57.50% compared to the 2022 peak of 107.8537, 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 2023.
MXN to BIF 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 124.5930, compared to 164.0882 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 39.4952 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was May, with a trading range of 44.5693 BIF (High: 160.3786 / Low: 115.8093). On the other end, April was the most stable month, with a tight range of 2.0922 BIF (High: 115.8301 / Low: 113.7379).
Growth Streaks & Declines
TrendsBetween 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 7.0318 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 167.2410) against the same month in 2022 (average: 100.2861), the exchange rate shifted by +66.9549 (+66.76%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 110.9360 | 106.0903 | 109.1100 |
| February | 113.1202 | 108.0761 | 111.4999 |
| March | 115.7240 | 108.4148 | 112.8362 |
| April | 115.8301 | 113.7379 | 115.0868 |
| May | 160.3786 | 115.8093 | 134.9508 |
| June | 166.3046 | 160.7086 | 164.0742 |
| July | 169.8663 | 164.0302 | 167.2410 |
| August | 169.5894 | 163.3051 | 166.8547 |
| September | 166.4295 | 160.6430 | 163.9702 |
| October | 163.2414 | 154.5298 | 156.9384 |
| November | 166.5016 | 159.7797 | 163.4444 |
| December | 168.5780 | 163.0118 | 166.0804 |