2024 MXN to GBP Historical Review

YEARLY HIGH

0.0485 GBP

YEARLY LOW

0.0379 GBP

YEARLY AVERAGE

0.0430 GBP

2024 MXN to GBP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to GBP exchange rate experienced significant fluctuation. The market reached its absolute peak on April 11, valuing the pair at 0.0485. Conversely, the yearly low was recorded on September 28, dropping to 0.0379.

This high-to-low spread represents a total annual volatility of 0.0105 GBP. From a start-to-finish perspective, comparing the January average rate of 0.0461 to the December average rate of 0.0391, the exchange rate registered a net change of -15.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.0485 was up 1.95% compared to the 2023 peak of 0.0475, 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 2,423 GBP

2023 Average 2,270 GBP

Yearly Trough Low 1,897 GBP

Transaction Impact: A difference of 525.24 GBP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.0485

0.0377

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 0.0462, compared to 0.0398 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0065 points.

H1 Avg (Jan–Jun) 0.0462

H2 Avg (Jul–Dec) 0.0398

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0046 GBP (High: 0.0462 / Low: 0.0417). On the other end, February was the most stable month, with a tight range of 0.0007 GBP (High: 0.0466 / Low: 0.0459).

June Spread (Volatile) ±0.0046

February Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between January and April, 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 May and June, when the average rate fell by 0.0038 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0038

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.0476) against the same month in 2023 (average: 0.0445), the exchange rate shifted by +0.0031 (+6.95%).

2024 Avg (April) 0.0476

2023 Avg (April) 0.0445

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0466	0.0455	0.0461
February	0.0466	0.0459	0.0463
March	0.0478	0.0462	0.0469
April	0.0485	0.0465	0.0476
May	0.0476	0.0461	0.0471
June	0.0462	0.0417	0.0433
July	0.0437	0.0415	0.0429
August	0.0417	0.0381	0.0404
September	0.0397	0.0379	0.0386
October	0.0397	0.0383	0.0390
November	0.0392	0.0381	0.0386
December	0.0396	0.0383	0.0391