2023 MXN to GBP Historical Review

YEARLY HIGH

0.0475 GBP

YEARLY LOW

0.0424 GBP

YEARLY AVERAGE

0.0454 GBP

2023 MXN to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 0.0475. Conversely, the yearly low was recorded on January 1, dropping to 0.0424.

This high-to-low spread represents a total annual volatility of 0.0051 GBP. From a start-to-finish perspective, comparing the January average rate of 0.0431 to the December average rate of 0.0460, the exchange rate registered a net change of 6.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0475 was up 3.69% compared to the 2022 peak of 0.0458, 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 2,376 GBP

2022 Average 2,020 GBP

Yearly Trough Low 2,120 GBP

Transaction Impact: A difference of 256.46 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0470

0.0427

JanuMarcMayJulySeptNove

MXN to GBP 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 0.0447, compared to 0.0461 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0014 points.

H1 Avg (Jan–Jun) 0.0447

H2 Avg (Jul–Dec) 0.0461

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0037 GBP (High: 0.0470 / Low: 0.0433). On the other end, June was the most stable month, with a tight range of 0.0008 GBP (High: 0.0463 / Low: 0.0455).

March Spread (Volatile) ±0.0037

June Spread (Stable) ±0.0008

Growth Streaks & Declines

Trends

Between April and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0012 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0012

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.0467) against the same month in 2022 (average: 0.0440), the exchange rate shifted by +0.0026 (+6.00%).

2023 Avg (September) 0.0467

2022 Avg (September) 0.0440

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0436	0.0424	0.0431
February	0.0455	0.0434	0.0446
March	0.0470	0.0433	0.0448
April	0.0451	0.0438	0.0445
May	0.0460	0.0443	0.0452
June	0.0463	0.0455	0.0459
July	0.0466	0.0452	0.0459
August	0.0475	0.0454	0.0464
September	0.0475	0.0455	0.0467
October	0.0471	0.0448	0.0454
November	0.0468	0.0455	0.0463
December	0.0464	0.0453	0.0460