2023 MXN to CAD Historical Review

YEARLY HIGH

0.0812 CAD

YEARLY LOW

0.0694 CAD

YEARLY AVERAGE

0.0762 CAD

2023 MXN to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 0.0812. Conversely, the yearly low was recorded on January 1, dropping to 0.0694.

This high-to-low spread represents a total annual volatility of 0.0118 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0708 to the December average rate of 0.0781, the exchange rate registered a net change of 10.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0812 was up 15.03% compared to the 2022 peak of 0.0706, 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 4,062 CAD

2022 Average 3,240 CAD

Yearly Trough Low 3,471 CAD

Transaction Impact: A difference of 591.40 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0803

0.0699

JanuMarcMayJulySeptNove

MXN to CAD 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 0.0743, compared to 0.0781 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0038 points.

H1 Avg (Jan–Jun) 0.0743

H2 Avg (Jul–Dec) 0.0781

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0044 CAD (High: 0.0746 / Low: 0.0701). On the other end, December was the most stable month, with a tight range of 0.0011 CAD (High: 0.0786 / Low: 0.0775).

February Spread (Volatile) ±0.0044

December Spread (Stable) ±0.0011

Growth Streaks & Declines

Trends

Between January and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 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 7 Mo.

Sharpest MoM Drop -0.0025

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0794) against the same month in 2022 (average: 0.0642), the exchange rate shifted by +0.0152 (+23.64%).

2023 Avg (August) 0.0794

2022 Avg (August) 0.0642

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0718	0.0694	0.0708
February	0.0746	0.0701	0.0724
March	0.0768	0.0724	0.0745
April	0.0760	0.0735	0.0748
May	0.0776	0.0751	0.0763
June	0.0777	0.0765	0.0771
July	0.0794	0.0774	0.0782
August	0.0812	0.0770	0.0794
September	0.0794	0.0763	0.0783
October	0.0780	0.0746	0.0758
November	0.0802	0.0776	0.0789
December	0.0786	0.0775	0.0781