2024 MXN to KRW Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MXN to KRW Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MXN to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on April 11, valuing the pair at 83.2421. Conversely, the yearly low was recorded on September 28, dropping to 66.4831.
This high-to-low spread represents a total annual volatility of 16.7590 KRW. From a start-to-finish perspective, comparing the January average rate of 77.6616 to the December average rate of 71.1395, the exchange rate registered a net change of -8.40% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 83.2421 was up 5.00% compared to the 2023 peak of 79.2778, 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 KRW 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 78.9663, compared to 70.6303 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 8.3359 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was June, with a trading range of 8.3945 KRW (High: 81.4781 / Low: 73.0836). On the other end, February was the most stable month, with a tight range of 0.7660 KRW (High: 78.3524 / Low: 77.5864).
Growth Streaks & Declines
TrendsBetween January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 5.8570 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (April 2024: 81.5031) against the same month in 2023 (average: 73.1447), the exchange rate shifted by +8.3584 (+11.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 78.1869 | 75.4810 | 77.6616 |
| February | 78.3524 | 77.5864 | 77.9685 |
| March | 81.5199 | 78.0528 | 79.4716 |
| April | 83.2421 | 79.8132 | 81.5031 |
| May | 82.2243 | 79.8387 | 81.1937 |
| June | 81.4781 | 73.0836 | 75.9993 |
| July | 78.3837 | 73.4189 | 76.3764 |
| August | 73.1809 | 67.0816 | 70.5194 |
| September | 69.4434 | 66.4831 | 67.8802 |
| October | 69.9942 | 67.5634 | 69.2202 |
| November | 69.8544 | 67.5593 | 68.6462 |
| December | 72.6057 | 68.4659 | 71.1395 |