2023 MXN to EUR Historical Review

YEARLY HIGH

0.0553 EUR

YEARLY LOW

0.0479 EUR

YEARLY AVERAGE

0.0522 EUR

2023 MXN to EUR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to EUR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 0.0553. Conversely, the yearly low was recorded on January 1, dropping to 0.0479.

This high-to-low spread represents a total annual volatility of 0.0074 EUR. From a start-to-finish perspective, comparing the January average rate of 0.0489 to the December average rate of 0.0533, the exchange rate registered a net change of 9.10% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0553 was up 6.16% compared to the 2022 peak of 0.0521, 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 2,767 EUR

2022 Average 2,367 EUR

Yearly Trough Low 2,395 EUR

Transaction Impact: A difference of 371.89 EUR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0547

0.0484

JanuMarcMayJulySeptNove

MXN to EUR 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 0.0509, compared to 0.0534 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0025 points.

H1 Avg (Jan–Jun) 0.0509

H2 Avg (Jul–Dec) 0.0534

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0037 EUR (High: 0.0527 / Low: 0.0491). On the other end, June was the most stable month, with a tight range of 0.0009 EUR (High: 0.0538 / Low: 0.0529).

March Spread (Volatile) ±0.0037

June Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between 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 September and October, when the average rate fell by 0.0018 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0540) against the same month in 2022 (average: 0.0491), the exchange rate shifted by +0.0049 (+9.91%).

2023 Avg (August) 0.0540

2022 Avg (August) 0.0491

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0497	0.0479	0.0489
February	0.0517	0.0486	0.0503
March	0.0527	0.0491	0.0507
April	0.0513	0.0499	0.0504
May	0.0531	0.0502	0.0519
June	0.0538	0.0529	0.0535
July	0.0544	0.0529	0.0535
August	0.0553	0.0527	0.0540
September	0.0550	0.0530	0.0541
October	0.0544	0.0516	0.0523
November	0.0537	0.0527	0.0532
December	0.0537	0.0528	0.0533