2023 MXN to BZD Historical Review

YEARLY HIGH

0.1206 BZD

YEARLY LOW

0.1034 BZD

YEARLY AVERAGE

0.1137 BZD

2023 MXN to BZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to BZD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 0.1206. Conversely, the yearly low was recorded on January 1, dropping to 0.1034.

This high-to-low spread represents a total annual volatility of 0.0172 BZD. From a start-to-finish perspective, comparing the January average rate of 0.1063 to the December average rate of 0.1176, the exchange rate registered a net change of 10.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1206 was up 14.63% compared to the 2022 peak of 0.1052, 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 6,031 BZD

2022 Average 5,014 BZD

Yearly Trough Low 5,170 BZD

Transaction Impact: A difference of 861.77 BZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1203

0.1050

JanuMarcMayJulySeptNove

MXN to BZD 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 0.1110, compared to 0.1165 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0055 points.

H1 Avg (Jan–Jun) 0.1110

H2 Avg (Jul–Dec) 0.1165

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0072 BZD (High: 0.1123 / Low: 0.1051). On the other end, April was the most stable month, with a tight range of 0.0019 BZD (High: 0.1120 / Low: 0.1101).

March Spread (Volatile) ±0.0072

April Spread (Stable) ±0.0019

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 0.0051 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0051

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.1190) against the same month in 2022 (average: 0.0983), the exchange rate shifted by +0.0207 (+21.06%).

2023 Avg (July) 0.1190

2022 Avg (July) 0.0983

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1081	0.1034	0.1063
February	0.1101	0.1051	0.1084
March	0.1123	0.1051	0.1093
April	0.1120	0.1101	0.1115
May	0.1156	0.1120	0.1137
June	0.1180	0.1148	0.1169
July	0.1206	0.1166	0.1190
August	0.1205	0.1162	0.1187
September	0.1181	0.1141	0.1165
October	0.1160	0.1099	0.1114
November	0.1177	0.1133	0.1159
December	0.1194	0.1154	0.1176