2023 MXN to LRD Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MXN to LRD Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MXN to LRD exchange rate experienced significant fluctuation. The market reached its absolute peak on July 30, valuing the pair at 11.1486. Conversely, the yearly low was recorded on January 1, dropping to 7.9242.
This high-to-low spread represents a total annual volatility of 3.2244 LRD. From a start-to-finish perspective, comparing the January average rate of 8.1945 to the December average rate of 10.9660, the exchange rate registered a net change of 33.82% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 11.1486 was up 38.45% compared to the 2022 peak of 8.0524, 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 LRD 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 8.9757, compared to 10.7853 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.8097 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was June, with a trading range of 0.8924 LRD (High: 10.5275 / Low: 9.6350). On the other end, April was the most stable month, with a tight range of 0.3054 LRD (High: 9.1768 / Low: 8.8714).
Growth Streaks & Declines
TrendsBetween January and August, 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 0.4411 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 10.8595) against the same month in 2022 (average: 7.4401), the exchange rate shifted by +3.4194 (+45.96%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 8.3510 | 7.9242 | 8.1945 |
| February | 8.6864 | 8.0943 | 8.4147 |
| March | 9.0082 | 8.2670 | 8.6674 |
| April | 9.1768 | 8.8714 | 9.0284 |
| May | 9.5896 | 9.1994 | 9.4201 |
| June | 10.5275 | 9.6350 | 10.1288 |
| July | 11.1486 | 10.5172 | 10.8595 |
| August | 11.1149 | 10.7576 | 10.9688 |
| September | 10.9285 | 10.5518 | 10.7744 |
| October | 10.7234 | 10.1941 | 10.3333 |
| November | 10.9892 | 10.5460 | 10.8101 |
| December | 11.1346 | 10.7637 | 10.9660 |