2023 MXN to MYR Historical Review

YEARLY HIGH

0.2773 MYR

YEARLY LOW

0.2225 MYR

YEARLY AVERAGE

0.2576 MYR

2023 MXN to MYR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to MYR exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 0.2773. Conversely, the yearly low was recorded on February 6, dropping to 0.2225.

This high-to-low spread represents a total annual volatility of 0.0548 MYR. From a start-to-finish perspective, comparing the January average rate of 0.2282 to the December average rate of 0.2713, the exchange rate registered a net change of 18.88% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2773 was up 13.63% compared to the 2022 peak of 0.2440, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 13,864 MYR

2022 Average 10,948 MYR

Yearly Trough Low 11,124 MYR

Transaction Impact: A difference of 2,740.33 MYR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2758

0.2239

JanuMarcMayJulySeptNove

MXN to MYR Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.2457, compared to 0.2695 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0238 points.

H1 Avg (Jan–Jun) 0.2457

H2 Avg (Jul–Dec) 0.2695

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0227 MYR (High: 0.2452 / Low: 0.2225). On the other end, January was the most stable month, with a tight range of 0.0061 MYR (High: 0.2319 / Low: 0.2258).

February Spread (Volatile) ±0.0227

January Spread (Stable) ±0.0061

Growth Streaks & Declines

Trends

Between 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 0.0083 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0083

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.2714) against the same month in 2022 (average: 0.2218), the exchange rate shifted by +0.0496 (+22.38%).

2023 Avg (August) 0.2714

2022 Avg (August) 0.2218

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.2319	0.2258	0.2282
February	0.2452	0.2225	0.2348
March	0.2517	0.2359	0.2429
April	0.2478	0.2402	0.2449
May	0.2616	0.2478	0.2549
June	0.2732	0.2606	0.2685
July	0.2752	0.2682	0.2714
August	0.2773	0.2621	0.2714
September	0.2752	0.2657	0.2706
October	0.2697	0.2583	0.2624
November	0.2737	0.2637	0.2700
December	0.2743	0.2666	0.2713