2023 MXN to LBP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MXN to LBP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MXN to LBP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 28, valuing the pair at 907.1675. Conversely, the yearly low was recorded on January 2, dropping to 77.6945.
This high-to-low spread represents a total annual volatility of 829.4730 LBP. From a start-to-finish perspective, comparing the January average rate of 79.9436 to the December average rate of 876.8067, the exchange rate registered a net change of 996.78% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 907.1675 was up 1045.66% compared to the 2022 peak of 79.1828, 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 LBP 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 691.0085, compared to 869.7380 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 178.7296 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 751.6509 LBP (High: 831.1885 / Low: 79.5375). On the other end, January was the most stable month, with a tight range of 3.5795 LBP (High: 81.2740 / Low: 77.6945).
Growth Streaks & Declines
TrendsBetween January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 39.8505 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 890.4751) against the same month in 2022 (average: 73.7365), the exchange rate shifted by +816.7386 (+1107.65%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 81.2740 | 77.6945 | 79.9436 |
| February | 831.1885 | 79.5375 | 683.3174 |
| March | 844.3933 | 782.4815 | 819.3133 |
| April | 842.3031 | 825.2555 | 835.5175 |
| May | 862.9866 | 838.3168 | 850.9879 |
| June | 892.8519 | 854.7679 | 876.9711 |
| July | 907.1675 | 870.9559 | 890.4751 |
| August | 899.4780 | 876.5320 | 886.5901 |
| September | 887.5399 | 849.9633 | 870.3663 |
| October | 864.8164 | 818.2172 | 830.5158 |
| November | 878.2239 | 844.7309 | 863.6742 |
| December | 889.1445 | 860.2047 | 876.8067 |