2023 MXN to PYG Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MXN to PYG Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MXN to PYG exchange rate experienced significant fluctuation. The market reached its absolute peak on July 28, valuing the pair at 436.1729. Conversely, the yearly low was recorded on March 18, dropping to 375.9168.
This high-to-low spread represents a total annual volatility of 60.2561 PYG. From a start-to-finish perspective, comparing the January average rate of 389.0251 to the December average rate of 428.6823, the exchange rate registered a net change of 10.19% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 436.1729 was up 15.53% compared to the 2022 peak of 377.5406, 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 PYG 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 399.2130, compared to 423.7249 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 24.5120 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 27.2474 PYG (High: 403.1642 / Low: 375.9168). On the other end, April was the most stable month, with a tight range of 11.5339 PYG (High: 402.9430 / Low: 391.4091).
Growth Streaks & Declines
TrendsBetween March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 13.0833 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 429.2678) against the same month in 2022 (average: 334.7990), the exchange rate shifted by +94.4687 (+28.22%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 396.4870 | 376.3934 | 389.0251 |
| February | 398.5488 | 381.9602 | 392.6870 |
| March | 403.1642 | 375.9168 | 390.6527 |
| April | 402.9430 | 391.4091 | 396.2207 |
| May | 413.2604 | 399.7253 | 406.2441 |
| June | 426.3169 | 412.3125 | 420.4482 |
| July | 436.1729 | 421.6107 | 429.2678 |
| August | 435.6555 | 419.5325 | 428.1476 |
| September | 425.9817 | 412.4699 | 420.6429 |
| October | 420.0865 | 398.6163 | 407.5596 |
| November | 434.3587 | 417.7861 | 428.0493 |
| December | 434.5128 | 421.9914 | 428.6823 |