2023 MXN to SEK Historical Review

YEARLY HIGH

0.6602 SEK

YEARLY LOW

0.5345 SEK

YEARLY AVERAGE

0.5993 SEK

2023 MXN to SEK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to SEK exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 0.6602. Conversely, the yearly low was recorded on January 1, dropping to 0.5345.

This high-to-low spread represents a total annual volatility of 0.1257 SEK. From a start-to-finish perspective, comparing the January average rate of 0.5479 to the December average rate of 0.5967, the exchange rate registered a net change of 8.89% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6602 was up 16.05% compared to the 2022 peak of 0.5689, 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 33,009 SEK

2022 Average 25,188 SEK

Yearly Trough Low 26,726 SEK

Transaction Impact: A difference of 6,283.19 SEK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6507

0.5386

JanuMarcMayJulySeptNove

MXN to SEK 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 0.5782, compared to 0.6204 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0421 points.

H1 Avg (Jan–Jun) 0.5782

H2 Avg (Jul–Dec) 0.6204

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0456 SEK (High: 0.5967 / Low: 0.5511). On the other end, April was the most stable month, with a tight range of 0.0120 SEK (High: 0.5789 / Low: 0.5669).

March Spread (Volatile) ±0.0456

April Spread (Stable) ±0.0120

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 0.0318 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0318

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.6379) against the same month in 2022 (average: 0.5166), the exchange rate shifted by +0.1213 (+23.48%).

2023 Avg (August) 0.6379

2022 Avg (August) 0.5166

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5589	0.5345	0.5479
February	0.5720	0.5507	0.5623
March	0.5967	0.5511	0.5711
April	0.5789	0.5669	0.5727
May	0.6152	0.5708	0.5913
June	0.6346	0.6152	0.6241
July	0.6439	0.6054	0.6222
August	0.6602	0.6156	0.6379
September	0.6546	0.6229	0.6414
October	0.6277	0.5977	0.6096
November	0.6336	0.5988	0.6145
December	0.6070	0.5874	0.5967