2023 MXN to NZD Historical Review

YEARLY HIGH

0.1011 NZD

YEARLY LOW

0.0807 NZD

YEARLY AVERAGE

0.0920 NZD

2023 MXN to NZD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to NZD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 25, valuing the pair at 0.1011. Conversely, the yearly low was recorded on January 1, dropping to 0.0807.

This high-to-low spread represents a total annual volatility of 0.0204 NZD. From a start-to-finish perspective, comparing the January average rate of 0.0823 to the December average rate of 0.0935, the exchange rate registered a net change of 13.61% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1011 was up 12.46% compared to the 2022 peak of 0.0899, 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 5,056 NZD

2022 Average 3,926 NZD

Yearly Trough Low 4,036 NZD

Transaction Impact: A difference of 1,020.86 NZD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0999

0.0807

JanuMarcMayJulySeptNove

MXN to NZD 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 0.0883, compared to 0.0957 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0073 points.

H1 Avg (Jan–Jun) 0.0883

H2 Avg (Jul–Dec) 0.0957

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0067 NZD (High: 0.0910 / Low: 0.0843). On the other end, December was the most stable month, with a tight range of 0.0013 NZD (High: 0.0942 / Low: 0.0929).

March Spread (Volatile) ±0.0067

December Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between 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 0.0037 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0037

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0983) against the same month in 2022 (average: 0.0794), the exchange rate shifted by +0.0189 (+23.81%).

2023 Avg (August) 0.0983

2022 Avg (August) 0.0794

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0834	0.0807	0.0823
February	0.0884	0.0825	0.0857
March	0.0910	0.0843	0.0876
April	0.0905	0.0864	0.0891
May	0.0940	0.0887	0.0909
June	0.0963	0.0936	0.0945
July	0.0973	0.0928	0.0950
August	0.1011	0.0948	0.0983
September	0.0993	0.0956	0.0975
October	0.0958	0.0910	0.0938
November	0.0972	0.0934	0.0960
December	0.0942	0.0929	0.0935