2024 MXN to HNL Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MXN to HNL Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MXN to HNL exchange rate experienced significant fluctuation. The market reached its absolute peak on April 9, valuing the pair at 1.5080. Conversely, the yearly low was recorded on November 12, dropping to 1.2169.
This high-to-low spread represents a total annual volatility of 0.2911 HNL. From a start-to-finish perspective, comparing the January average rate of 1.4474 to the December average rate of 1.2517, the exchange rate registered a net change of -13.52% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 1.5080 was up 1.77% compared to the 2023 peak of 1.4817, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
MXN to HNL Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 1.4458, compared to 1.2824 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1634 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 0.1349 HNL (High: 1.4559 / Low: 1.3210). On the other end, February was the most stable month, with a tight range of 0.0165 HNL (High: 1.4535 / Low: 1.4370).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.1088 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 1.4699) against the same month in 2023 (average: 1.3607), the exchange rate shifted by +0.1091 (+8.02%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 1.4686 | 1.4278 | 1.4474 |
| February | 1.4535 | 1.4370 | 1.4465 |
| March | 1.4963 | 1.4486 | 1.4743 |
| April | 1.5080 | 1.4360 | 1.4699 |
| May | 1.4944 | 1.4517 | 1.4726 |
| June | 1.4559 | 1.3210 | 1.3638 |
| July | 1.4037 | 1.3228 | 1.3686 |
| August | 1.3328 | 1.2505 | 1.2947 |
| September | 1.3004 | 1.2361 | 1.2675 |
| October | 1.2950 | 1.2452 | 1.2718 |
| November | 1.2677 | 1.2169 | 1.2398 |
| December | 1.2640 | 1.2176 | 1.2517 |