2023 MXN to BMD Historical Review

YEARLY HIGH

0.0599 BMD

YEARLY LOW

0.0513 BMD

YEARLY AVERAGE

0.0565 BMD

2023 MXN to BMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to BMD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 30, valuing the pair at 0.0599. Conversely, the yearly low was recorded on January 1, dropping to 0.0513.

This high-to-low spread represents a total annual volatility of 0.0086 BMD. From a start-to-finish perspective, comparing the January average rate of 0.0527 to the December average rate of 0.0583, 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 0.0599 was up 14.74% compared to the 2022 peak of 0.0522, 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 2,997 BMD

2022 Average 2,488 BMD

Yearly Trough Low 2,564 BMD

Transaction Impact: A difference of 432.47 BMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0597

0.0521

JanuMarcMayJulySeptNove

MXN to BMD 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 0.0551, compared to 0.0578 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0027 points.

H1 Avg (Jan–Jun) 0.0551

H2 Avg (Jul–Dec) 0.0578

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0031 BMD (High: 0.0557 / Low: 0.0526). On the other end, April was the most stable month, with a tight range of 0.0010 BMD (High: 0.0556 / Low: 0.0546).

March Spread (Volatile) ±0.0031

April Spread (Stable) ±0.0010

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 0.0025 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0591) against the same month in 2022 (average: 0.0488), the exchange rate shifted by +0.0103 (+21.17%).

2023 Avg (July) 0.0591

2022 Avg (July) 0.0488

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0536	0.0513	0.0527
February	0.0546	0.0522	0.0538
March	0.0557	0.0526	0.0543
April	0.0556	0.0546	0.0553
May	0.0573	0.0556	0.0564
June	0.0586	0.0569	0.0580
July	0.0599	0.0580	0.0591
August	0.0598	0.0577	0.0589
September	0.0586	0.0565	0.0578
October	0.0574	0.0545	0.0553
November	0.0584	0.0562	0.0576
December	0.0591	0.0572	0.0583