2023 MXN to COP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MXN to COP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MXN to COP exchange rate experienced significant fluctuation. The market reached its absolute peak on February 22, valuing the pair at 270.7157. Conversely, the yearly low was recorded on October 30, dropping to 226.3439.
This high-to-low spread represents a total annual volatility of 44.3719 COP. From a start-to-finish perspective, comparing the January average rate of 248.5090 to the December average rate of 230.5068, the exchange rate registered a net change of -7.24% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 270.7157 was up 3.84% compared to the 2022 peak of 260.7137, 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 2023.
MXN to COP 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 252.6241, compared to 234.6118 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 18.0122 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 26.6387 COP (High: 270.7157 / Low: 244.0770). On the other end, December was the most stable month, with a tight range of 6.9695 COP (High: 233.8198 / Low: 226.8503).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 12.5167 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (February 2023: 257.9735) against the same month in 2022 (average: 192.4596), the exchange rate shifted by +65.5139 (+34.04%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 257.2985 | 238.6142 | 248.5090 |
| February | 270.7157 | 244.0770 | 257.9735 |
| March | 268.2513 | 247.3677 | 258.5569 |
| April | 259.0490 | 243.8489 | 250.9631 |
| May | 262.5050 | 248.1861 | 256.1293 |
| June | 252.2525 | 237.4139 | 243.6126 |
| July | 245.0249 | 233.1571 | 240.2446 |
| August | 245.2569 | 231.9794 | 239.7677 |
| September | 240.2947 | 227.4562 | 231.8004 |
| October | 240.4101 | 226.3439 | 233.3631 |
| November | 238.6365 | 227.1024 | 231.9885 |
| December | 233.8198 | 226.8503 | 230.5068 |