2024 MXN to CDF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MXN to CDF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MXN to CDF exchange rate experienced significant fluctuation. The market reached its absolute peak on April 3, valuing the pair at 170.4197. Conversely, the yearly low was recorded on December 31, dropping to 136.8848.
This high-to-low spread represents a total annual volatility of 33.5348 CDF. From a start-to-finish perspective, comparing the January average rate of 159.5775 to the December average rate of 140.9327, the exchange rate registered a net change of -11.68% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 170.4197 was up 3.95% compared to the 2023 peak of 163.9445, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MXN to CDF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 162.4361, compared to 146.3571 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 16.0790 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 14.9569 CDF (High: 165.5801 / Low: 150.6232). On the other end, February was the most stable month, with a tight range of 2.3889 CDF (High: 162.2431 / Low: 159.8542).
Growth Streaks & Declines
TrendsBetween January and May, 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 May and June, when the average rate fell by 10.6461 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 166.0995) against the same month in 2023 (average: 115.1950), the exchange rate shifted by +50.9045 (+44.19%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 162.6400 | 155.6885 | 159.5775 |
| February | 162.2431 | 159.8542 | 161.2796 |
| March | 168.6115 | 162.6307 | 165.4550 |
| April | 170.4197 | 162.3168 | 166.0995 |
| May | 168.8884 | 163.7398 | 166.4255 |
| June | 165.5801 | 150.6232 | 155.7794 |
| July | 162.7338 | 152.1247 | 157.1257 |
| August | 153.1979 | 143.5109 | 148.7941 |
| September | 149.5724 | 141.3846 | 145.3694 |
| October | 149.2146 | 142.3616 | 145.1457 |
| November | 144.4830 | 138.3876 | 140.7748 |
| December | 142.5975 | 136.8848 | 140.9327 |