2023 MXN to NAD Historical Review

YEARLY HIGH

1.1624 NAD

YEARLY LOW

0.8724 NAD

YEARLY AVERAGE

1.0452 NAD

2023 MXN to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 1.1624. Conversely, the yearly low was recorded on January 1, dropping to 0.8724.

This high-to-low spread represents a total annual volatility of 0.2899 NAD. From a start-to-finish perspective, comparing the January average rate of 0.9008 to the December average rate of 1.0885, the exchange rate registered a net change of 20.84% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1624 was up 24.74% compared to the 2022 peak of 0.9318, 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 58,118 NAD

2022 Average 40,596 NAD

Yearly Trough Low 43,622 NAD

Transaction Impact: A difference of 14,496.57 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.1304

0.8799

JanuMarcMayJulySeptNove

MXN to NAD 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 1.0042, compared to 1.0862 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0820 points.

H1 Avg (Jan–Jun) 1.0042

H2 Avg (Jul–Dec) 1.0862

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1170 NAD (High: 1.0063 / Low: 0.8894). On the other end, September was the most stable month, with a tight range of 0.0358 NAD (High: 1.1135 / Low: 1.0776).

February Spread (Volatile) ±0.1170

September Spread (Stable) ±0.0358

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0322 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0322

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 1.1095) against the same month in 2022 (average: 0.8298), the exchange rate shifted by +0.2797 (+33.71%).

2023 Avg (August) 1.1095

2022 Avg (August) 0.8298

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9169	0.8724	0.9008
February	1.0063	0.8894	0.9619
March	1.0348	0.9610	0.9933
April	1.0215	0.9824	1.0060
May	1.1176	1.0167	1.0768
June	1.1234	1.0636	1.0861
July	1.1041	1.0466	1.0783
August	1.1624	1.0743	1.1095
September	1.1135	1.0776	1.0970
October	1.1151	1.0307	1.0648
November	1.1365	1.0372	1.0791
December	1.1103	1.0611	1.0885