2023 MXN to IDR Historical Review

YEARLY HIGH

914.0036 IDR

YEARLY LOW

793.2188 IDR

YEARLY AVERAGE

860.4896 IDR

2023 MXN to IDR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to IDR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 914.0036. Conversely, the yearly low was recorded on February 6, dropping to 793.2188.

This high-to-low spread represents a total annual volatility of 120.7848 IDR. From a start-to-finish perspective, comparing the January average rate of 803.7352 to the December average rate of 901.9860, the exchange rate registered a net change of 12.22% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 914.0036 was up 11.75% compared to the 2022 peak of 817.9089, 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 45,700,179 IDR

2022 Average 36,957,887 IDR

Yearly Trough Low 39,660,938 IDR

Transaction Impact: A difference of 6,039,240.85 IDR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

911.8111

793.9101

JanuMarcMayJulySeptNove

MXN to IDR 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 829.6855, compared to 891.2937 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 61.6082 points.

H1 Avg (Jan–Jun) 829.6855

H2 Avg (Jul–Dec) 891.2937

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 47.9598 IDR (High: 859.6306 / Low: 811.6707). On the other end, April was the most stable month, with a tight range of 16.9213 IDR (High: 831.4088 / Low: 814.4876).

March Spread (Volatile) ±47.9598

April Spread (Stable) ±16.9213

Growth Streaks & Declines

Trends

Between April and August, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 17.5880 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -17.5880

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 898.7956) against the same month in 2022 (average: 736.7368), the exchange rate shifted by +162.0588 (+22.00%).

2023 Avg (August) 898.7956

2022 Avg (August) 736.7368

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	816.7685	794.8964	803.7352
February	833.0757	793.2188	815.6539
March	859.6306	811.6707	831.2896
April	831.4088	814.4876	823.1131
May	851.2867	817.3719	837.5211
June	880.4657	848.7967	866.8004
July	905.1801	875.5835	890.0856
August	914.0036	874.8986	898.7956
September	901.8059	872.4752	888.9613
October	887.7057	855.0639	871.3733
November	910.2740	883.1767	896.5605
December	911.2554	886.4186	901.9860