2023 MXN to GNF Historical Review

YEARLY HIGH

518.2868 GNF

YEARLY LOW

442.9212 GNF

YEARLY AVERAGE

486.5853 GNF

2023 MXN to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on July 28, valuing the pair at 518.2868. Conversely, the yearly low was recorded on January 2, dropping to 442.9212.

This high-to-low spread represents a total annual volatility of 75.3657 GNF. From a start-to-finish perspective, comparing the January average rate of 457.0465 to the December average rate of 501.1388, the exchange rate registered a net change of 9.65% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 518.2868 was up 13.79% compared to the 2022 peak of 455.4567, 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 25,914,342 GNF

2022 Average 21,905,578 GNF

Yearly Trough Low 22,146,058 GNF

Transaction Impact: A difference of 3,768,283.91 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

513.9010

451.8779

JanuMarcMayJulySeptNove

MXN to GNF 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 475.6896, compared to 497.4811 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 21.7915 points.

H1 Avg (Jan–Jun) 475.6896

H2 Avg (Jul–Dec) 497.4811

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 41.1309 GNF (High: 490.0705 / Low: 448.9396). On the other end, April was the most stable month, with a tight range of 9.8680 GNF (High: 480.5450 / Low: 470.6770).

March Spread (Volatile) ±41.1309

April Spread (Stable) ±9.8680

Growth Streaks & Declines

Trends

Between January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 21.9646 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -21.9646

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 508.7324) against the same month in 2022 (average: 423.5755), the exchange rate shifted by +85.1569 (+20.10%).

2023 Avg (July) 508.7324

2022 Avg (July) 423.5755

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	468.6260	442.9212	457.0465
February	479.2715	453.2859	464.9363
March	490.0705	448.9396	469.4167
April	480.5450	470.6770	476.0065
May	494.0150	479.0048	486.5334
June	506.4373	489.5026	500.1983
July	518.2868	498.8511	508.7324
August	513.5867	499.2317	506.9629
September	506.7538	487.1487	497.5169
October	494.6821	468.4149	475.5523
November	503.4276	484.1464	494.9830
December	507.6098	492.2243	501.1388