2023 MXN to KZT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MXN to KZT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MXN to KZT exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 27.8020. Conversely, the yearly low was recorded on January 1, dropping to 23.7396.
This high-to-low spread represents a total annual volatility of 4.0624 KZT. From a start-to-finish perspective, comparing the January average rate of 24.3941 to the December average rate of 26.7497, the exchange rate registered a net change of 9.66% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 27.8020 was up 9.76% compared to the 2022 peak of 25.3309, 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 2023.
MXN to KZT 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 24.8943, compared to 26.6388 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.7444 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was August, with a trading range of 2.1289 KZT (High: 27.8020 / Low: 25.6731). On the other end, December was the most stable month, with a tight range of 0.6504 KZT (High: 27.0572 / Low: 26.4068).
Growth Streaks & Declines
TrendsBetween February and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.7503 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 26.6822) against the same month in 2022 (average: 23.6209), the exchange rate shifted by +3.0614 (+12.96%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.8941 | 23.7396 | 24.3941 |
| February | 24.7644 | 23.8506 | 24.2791 |
| March | 25.2441 | 23.8958 | 24.5160 |
| April | 25.3754 | 24.4031 | 24.9951 |
| May | 25.8424 | 24.6026 | 25.1660 |
| June | 26.5476 | 25.5367 | 26.0156 |
| July | 26.6476 | 25.7877 | 26.3076 |
| August | 27.8020 | 25.6731 | 26.6822 |
| September | 27.7333 | 26.3562 | 27.0930 |
| October | 27.4999 | 25.9153 | 26.3427 |
| November | 27.0339 | 26.3437 | 26.6573 |
| December | 27.0572 | 26.4068 | 26.7497 |