2023 MXN to CRC Historical Review

YEARLY HIGH

32.4561 CRC

YEARLY LOW

28.3077 CRC

YEARLY AVERAGE

30.5620 CRC

2023 MXN to CRC Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to CRC exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 32.4561. Conversely, the yearly low was recorded on March 18, dropping to 28.3077.

This high-to-low spread represents a total annual volatility of 4.1484 CRC. From a start-to-finish perspective, comparing the January average rate of 30.3046 to the December average rate of 30.5944, the exchange rate registered a net change of 0.96% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 32.4561 was down 7.27% compared to the 2022 peak of 35.0022, 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 1,622,804 CRC

2022 Average 1,604,446 CRC

Yearly Trough Low 1,415,384 CRC

Transaction Impact: A difference of 207,419.56 CRC purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

32.1784

29.1587

JanuMarcMayJulySeptNove

MXN to CRC 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 30.2713, compared to 30.8526 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.5813 points.

H1 Avg (Jan–Jun) 30.2713

H2 Avg (Jul–Dec) 30.8526

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 2.8349 CRC (High: 31.1426 / Low: 28.3077). On the other end, December was the most stable month, with a tight range of 0.5802 CRC (High: 30.8009 / Low: 30.2206).

March Spread (Volatile) ±2.8349

December Spread (Stable) ±0.5802

Growth Streaks & Declines

Trends

Between April and July, 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 September and October, when the average rate fell by 1.5548 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -1.5548

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 31.9268) against the same month in 2022 (average: 33.1847), the exchange rate shifted by -1.2579 (-3.79%).

2023 Avg (July) 31.9268

2022 Avg (July) 33.1847

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	30.9142	29.3069	30.3046
February	31.0917	29.5435	30.3918
March	31.1426	28.3077	29.6556
April	29.9456	29.2678	29.6439
May	30.6654	29.8281	30.3187
June	31.7346	30.6975	31.3136
July	32.4561	31.4279	31.9268
August	32.2904	31.2330	31.6865
September	31.5471	30.4420	30.9652
October	30.7731	28.9301	29.4104
November	31.0437	29.8383	30.5327
December	30.8009	30.2206	30.5944