2023 MXN to MMK Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MXN to MMK Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MXN to MMK exchange rate experienced significant fluctuation. The market reached its absolute peak on July 19, valuing the pair at 125.6728. Conversely, the yearly low was recorded on January 1, dropping to 107.7158.
This high-to-low spread represents a total annual volatility of 17.9570 MMK. From a start-to-finish perspective, comparing the January average rate of 110.7507 to the December average rate of 122.4696, the exchange rate registered a net change of 10.58% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 125.6728 was up 14.60% compared to the 2022 peak of 109.6606, 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 MMK 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 115.6584, compared to 121.3726 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.7143 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 7.5059 MMK (High: 116.9799 / Low: 109.4741). On the other end, April was the most stable month, with a tight range of 1.9371 MMK (High: 116.6933 / Low: 114.7562).
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 5.3612 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 123.9758) against the same month in 2022 (average: 90.2931), the exchange rate shifted by +33.6827 (+37.30%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 112.6598 | 107.7158 | 110.7507 |
| February | 114.7121 | 109.5006 | 112.9546 |
| March | 116.9799 | 109.4741 | 113.9613 |
| April | 116.6933 | 114.7562 | 116.1125 |
| May | 120.3845 | 116.6454 | 118.4106 |
| June | 122.9815 | 119.5870 | 121.7605 |
| July | 125.6728 | 121.4947 | 123.9758 |
| August | 125.5655 | 121.0672 | 123.6336 |
| September | 123.0486 | 118.8441 | 121.3942 |
| October | 120.8731 | 114.4765 | 116.0329 |
| November | 122.6666 | 118.0094 | 120.7296 |
| December | 124.4070 | 120.2552 | 122.4696 |