2023 MXN to HKD Historical Review

YEARLY HIGH

0.4687 HKD

YEARLY LOW

0.4002 HKD

YEARLY AVERAGE

0.4420 HKD

2023 MXN to HKD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to HKD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 0.4687. Conversely, the yearly low was recorded on January 1, dropping to 0.4002.

This high-to-low spread represents a total annual volatility of 0.0685 HKD. From a start-to-finish perspective, comparing the January average rate of 0.4124 to the December average rate of 0.4550, the exchange rate registered a net change of 10.32% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4687 was up 15.34% compared to the 2022 peak of 0.4064, 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 23,435 HKD

2022 Average 19,480 HKD

Yearly Trough Low 20,009 HKD

Transaction Impact: A difference of 3,425.99 HKD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4670

0.4075

JanuMarcMayJulySeptNove

MXN to HKD 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 0.4320, compared to 0.4521 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0201 points.

H1 Avg (Jan–Jun) 0.4320

H2 Avg (Jul–Dec) 0.4521

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0241 HKD (High: 0.4371 / Low: 0.4130). On the other end, April was the most stable month, with a tight range of 0.0079 HKD (High: 0.4366 / Low: 0.4287).

March Spread (Volatile) ±0.0241

April Spread (Stable) ±0.0079

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 0.0200 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0200

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.4608) against the same month in 2022 (average: 0.3897), the exchange rate shifted by +0.0711 (+18.23%).

2023 Avg (August) 0.4608

2022 Avg (August) 0.3897

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4191	0.4002	0.4124
February	0.4288	0.4093	0.4220
March	0.4371	0.4130	0.4266
April	0.4366	0.4287	0.4345
May	0.4492	0.4361	0.4421
June	0.4584	0.4462	0.4542
July	0.4673	0.4538	0.4621
August	0.4687	0.4504	0.4608
September	0.4589	0.4422	0.4527
October	0.4498	0.4264	0.4327
November	0.4555	0.4389	0.4493
December	0.4614	0.4470	0.4550