2023 MXN to NOK Historical Review

YEARLY HIGH

0.6400 NOK

YEARLY LOW

0.5020 NOK

YEARLY AVERAGE

0.5965 NOK

2023 MXN to NOK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to NOK exchange rate experienced significant fluctuation. The market reached its absolute peak on November 7, valuing the pair at 0.6400. Conversely, the yearly low was recorded on January 1, dropping to 0.5020.

This high-to-low spread represents a total annual volatility of 0.1379 NOK. From a start-to-finish perspective, comparing the January average rate of 0.5234 to the December average rate of 0.6125, the exchange rate registered a net change of 17.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6400 was up 18.42% compared to the 2022 peak of 0.5404, 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 31,998 NOK

2022 Average 23,932 NOK

Yearly Trough Low 25,102 NOK

Transaction Impact: A difference of 6,895.36 NOK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6379

0.5130

JanuMarcMayJulySeptNove

MXN to NOK 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 0.5774, compared to 0.6155 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0381 points.

H1 Avg (Jan–Jun) 0.5774

H2 Avg (Jul–Dec) 0.6155

Volatility Range Comparison

Volatility

The most volatile month in 2023 was August, with a trading range of 0.0485 NOK (High: 0.6388 / Low: 0.5903). On the other end, November was the most stable month, with a tight range of 0.0239 NOK (High: 0.6400 / Low: 0.6160).

August Spread (Volatile) ±0.0485

November Spread (Stable) ±0.0239

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 June and July, when the average rate fell by 0.0180 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0180

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.6275) against the same month in 2022 (average: 0.5198), the exchange rate shifted by +0.1077 (+20.73%).

2023 Avg (November) 0.6275

2022 Avg (November) 0.5198

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5316	0.5020	0.5234
February	0.5678	0.5318	0.5512
March	0.5941	0.5576	0.5725
April	0.5928	0.5682	0.5815
May	0.6329	0.5906	0.6100
June	0.6383	0.6129	0.6258
July	0.6280	0.5902	0.6078
August	0.6388	0.5903	0.6167
September	0.6314	0.6070	0.6203
October	0.6188	0.5916	0.6082
November	0.6400	0.6160	0.6275
December	0.6347	0.5968	0.6125