2023 MXN to BOB Historical Review

YEARLY HIGH

0.4142 BOB

YEARLY LOW

0.3544 BOB

YEARLY AVERAGE

0.3900 BOB

2023 MXN to BOB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to BOB exchange rate experienced significant fluctuation. The market reached its absolute peak on July 31, valuing the pair at 0.4142. Conversely, the yearly low was recorded on January 1, dropping to 0.3544.

This high-to-low spread represents a total annual volatility of 0.0598 BOB. From a start-to-finish perspective, comparing the January average rate of 0.3644 to the December average rate of 0.4030, the exchange rate registered a net change of 10.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4142 was up 14.79% compared to the 2022 peak of 0.3608, 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 20,710 BOB

2022 Average 17,147 BOB

Yearly Trough Low 17,721 BOB

Transaction Impact: A difference of 2,988.44 BOB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4124

0.3601

JanuMarcMayJulySeptNove

MXN to BOB 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 0.3806, compared to 0.3994 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0188 points.

H1 Avg (Jan–Jun) 0.3806

H2 Avg (Jul–Dec) 0.3994

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0247 BOB (High: 0.3849 / Low: 0.3602). On the other end, April was the most stable month, with a tight range of 0.0065 BOB (High: 0.3846 / Low: 0.3781).

March Spread (Volatile) ±0.0247

April Spread (Stable) ±0.0065

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 0.0176 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0176

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.4080) against the same month in 2022 (average: 0.3354), the exchange rate shifted by +0.0727 (+21.67%).

2023 Avg (July) 0.4080

2022 Avg (July) 0.3354

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3707	0.3544	0.3644
February	0.3774	0.3603	0.3717
March	0.3849	0.3602	0.3750
April	0.3846	0.3781	0.3824
May	0.3961	0.3844	0.3896
June	0.4047	0.3935	0.4007
July	0.4142	0.3998	0.4080
August	0.4132	0.3983	0.4068
September	0.4049	0.3910	0.3994
October	0.3977	0.3767	0.3818
November	0.4036	0.3883	0.3973
December	0.4094	0.3957	0.4030