2024 MXN to CAD Historical Review

YEARLY HIGH

0.0833 CAD

YEARLY LOW

0.0677 CAD

YEARLY AVERAGE

0.0752 CAD

2024 MXN to CAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to CAD exchange rate experienced significant fluctuation. The market reached its absolute peak on April 11, valuing the pair at 0.0833. Conversely, the yearly low was recorded on September 4, dropping to 0.0677.

This high-to-low spread represents a total annual volatility of 0.0156 CAD. From a start-to-finish perspective, comparing the January average rate of 0.0787 to the December average rate of 0.0704, the exchange rate registered a net change of -10.48% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0833 was up 2.48% compared to the 2023 peak of 0.0812, 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 4,163 CAD

2023 Average 3,812 CAD

Yearly Trough Low 3,385 CAD

Transaction Impact: A difference of 777.99 CAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0827

0.0675

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 0.0794, compared to 0.0709 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0085 points.

H1 Avg (Jan–Jun) 0.0794

H2 Avg (Jul–Dec) 0.0709

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0072 CAD (High: 0.0803 / Low: 0.0731). On the other end, February was the most stable month, with a tight range of 0.0012 CAD (High: 0.0796 / Low: 0.0784).

June Spread (Volatile) ±0.0072

February Spread (Stable) ±0.0012

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0060 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0060

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0814) against the same month in 2023 (average: 0.0748), the exchange rate shifted by +0.0066 (+8.80%).

2024 Avg (April) 0.0814

2023 Avg (April) 0.0748

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0796	0.0777	0.0787
February	0.0796	0.0784	0.0790
March	0.0820	0.0797	0.0808
April	0.0833	0.0794	0.0814
May	0.0823	0.0802	0.0814
June	0.0803	0.0731	0.0754
July	0.0775	0.0738	0.0758
August	0.0736	0.0680	0.0714
September	0.0711	0.0677	0.0691
October	0.0714	0.0687	0.0699
November	0.0700	0.0677	0.0688
December	0.0716	0.0687	0.0704