2024 MXN to IRR Historical Review

YEARLY HIGH

2576.9156 IRR

YEARLY LOW

2024.5326 IRR

YEARLY AVERAGE

2310.5570 IRR

2024 MXN to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 2576.9156. Conversely, the yearly low was recorded on December 31, dropping to 2024.5326.

This high-to-low spread represents a total annual volatility of 552.3830 IRR. From a start-to-finish perspective, comparing the January average rate of 2465.2895 to the December average rate of 2082.9484, the exchange rate registered a net change of -15.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2576.9156 was up 1.52% compared to the 2023 peak of 2538.4027, 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 128,845,782 IRR

2023 Average 119,221,628 IRR

Yearly Trough Low 101,226,632 IRR

Transaction Impact: A difference of 27,619,150.50 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2550.8960

2027.8111

JanuMarcMayJulySeptNove

MXN to IRR 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 2459.7197, compared to 2161.3942 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 298.3255 points.

H1 Avg (Jan–Jun) 2459.7197

H2 Avg (Jul–Dec) 2161.3942

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 243.3405 IRR (High: 2487.4669 / Low: 2244.1264). On the other end, February was the most stable month, with a tight range of 26.7989 IRR (High: 2469.8491 / Low: 2443.0502).

June Spread (Volatile) ±243.3405

February Spread (Stable) ±26.7989

Growth Streaks & Declines

Trends

No 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 188.9918 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -188.9918

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 2503.3604) against the same month in 2023 (average: 2338.9270), the exchange rate shifted by +164.4333 (+7.03%).

2024 Avg (April) 2503.3604

2023 Avg (April) 2338.9270

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2496.8445	2428.5767	2465.2895
February	2469.8491	2443.0502	2459.8671
March	2539.3379	2470.7773	2507.3056
April	2576.9156	2445.5599	2503.3604
May	2541.4608	2476.4676	2505.7437
June	2487.4669	2244.1264	2316.7520
July	2388.5124	2242.4100	2326.2954
August	2260.2127	2120.7004	2198.6923
September	2201.7109	2094.7003	2148.8809
October	2184.0115	2087.2897	2140.1466
November	2125.8674	2036.3847	2071.4015
December	2105.4361	2024.5326	2082.9484