2023 MXN to BRL Historical Review

YEARLY HIGH

0.2925 BRL

YEARLY LOW

0.2685 BRL

YEARLY AVERAGE

0.2817 BRL

2023 MXN to BRL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to BRL exchange rate experienced significant fluctuation. The market reached its absolute peak on August 21, valuing the pair at 0.2925. Conversely, the yearly low was recorded on February 6, dropping to 0.2685.

This high-to-low spread represents a total annual volatility of 0.0240 BRL. From a start-to-finish perspective, comparing the January average rate of 0.2735 to the December average rate of 0.2853, the exchange rate registered a net change of 4.29% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2925 was up 4.51% compared to the 2022 peak of 0.2799, 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 14,624 BRL

2022 Average 12,843 BRL

Yearly Trough Low 13,424 BRL

Transaction Impact: A difference of 1,200.14 BRL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2905

0.2720

JanuMarcMayJulySeptNove

MXN to BRL 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 0.2792, compared to 0.2843 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0051 points.

H1 Avg (Jan–Jun) 0.2792

H2 Avg (Jul–Dec) 0.2843

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0176 BRL (High: 0.2861 / Low: 0.2685). On the other end, September was the most stable month, with a tight range of 0.0066 BRL (High: 0.2895 / Low: 0.2829).

February Spread (Volatile) ±0.0176

September Spread (Stable) ±0.0066

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0060 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0060

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.2890) against the same month in 2022 (average: 0.2552), the exchange rate shifted by +0.0338 (+13.24%).

2023 Avg (August) 0.2890

2022 Avg (August) 0.2552

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2823	0.2692	0.2735
February	0.2861	0.2685	0.2786
March	0.2894	0.2769	0.2832
April	0.2811	0.2722	0.2776
May	0.2859	0.2767	0.2807
June	0.2857	0.2777	0.2814
July	0.2874	0.2795	0.2836
August	0.2925	0.2828	0.2890
September	0.2895	0.2829	0.2859
October	0.2897	0.2724	0.2799
November	0.2864	0.2774	0.2821
December	0.2879	0.2811	0.2853