2024 MXN to SEK Historical Review

YEARLY HIGH

0.6542 SEK

YEARLY LOW

0.5120 SEK

YEARLY AVERAGE

0.5803 SEK

2024 MXN to SEK Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to SEK exchange rate experienced significant fluctuation. The market reached its absolute peak on April 14, valuing the pair at 0.6542. Conversely, the yearly low was recorded on September 28, dropping to 0.5120.

This high-to-low spread represents a total annual volatility of 0.1422 SEK. From a start-to-finish perspective, comparing the January average rate of 0.6066 to the December average rate of 0.5429, the exchange rate registered a net change of -10.50% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.6542 was down 0.91% compared to the 2023 peak of 0.6602, 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 32,709 SEK

2023 Average 29,973 SEK

Yearly Trough Low 25,598 SEK

Transaction Impact: A difference of 7,111.56 SEK purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.6560

0.5095

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 0.6168, compared to 0.5439 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0730 points.

H1 Avg (Jan–Jun) 0.6168

H2 Avg (Jul–Dec) 0.5439

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.0664 SEK (High: 0.6201 / Low: 0.5536). On the other end, October was the most stable month, with a tight range of 0.0148 SEK (High: 0.5383 / Low: 0.5235).

June Spread (Volatile) ±0.0664

October Spread (Stable) ±0.0148

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0618 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0618

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 0.6438) against the same month in 2023 (average: 0.5727), the exchange rate shifted by +0.0711 (+12.41%).

2024 Avg (April) 0.6438

2023 Avg (April) 0.5727

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6125	0.5938	0.6066
February	0.6193	0.6013	0.6106
March	0.6450	0.6058	0.6219
April	0.6542	0.6327	0.6438
May	0.6474	0.6187	0.6399
June	0.6201	0.5536	0.5781
July	0.6050	0.5709	0.5874
August	0.5669	0.5131	0.5430
September	0.5331	0.5120	0.5217
October	0.5383	0.5235	0.5325
November	0.5437	0.5226	0.5357
December	0.5525	0.5305	0.5429