2023 MXN to SGD Historical Review

YEARLY HIGH

0.0810 SGD

YEARLY LOW

0.0687 SGD

YEARLY AVERAGE

0.0758 SGD

2023 MXN to SGD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to SGD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 0.0810. Conversely, the yearly low was recorded on January 1, dropping to 0.0687.

This high-to-low spread represents a total annual volatility of 0.0123 SGD. From a start-to-finish perspective, comparing the January average rate of 0.0699 to the December average rate of 0.0776, the exchange rate registered a net change of 11.03% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0810 was up 12.08% compared to the 2022 peak of 0.0723, 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 4,050 SGD

2022 Average 3,430 SGD

Yearly Trough Low 3,436 SGD

Transaction Impact: A difference of 614.59 SGD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0805

0.0689

JanuMarcMayJulySeptNove

MXN to SGD 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 0.0736, compared to 0.0780 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0044 points.

H1 Avg (Jan–Jun) 0.0736

H2 Avg (Jul–Dec) 0.0780

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0044 SGD (High: 0.0737 / Low: 0.0693). On the other end, December was the most stable month, with a tight range of 0.0015 SGD (High: 0.0781 / Low: 0.0766).

February Spread (Volatile) ±0.0044

December Spread (Stable) ±0.0015

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 0.0031 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0031

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.0795) against the same month in 2022 (average: 0.0688), the exchange rate shifted by +0.0108 (+15.65%).

2023 Avg (August) 0.0795

2022 Avg (August) 0.0688

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0708	0.0687	0.0699
February	0.0737	0.0693	0.0717
March	0.0753	0.0709	0.0729
April	0.0742	0.0725	0.0737
May	0.0769	0.0740	0.0756
June	0.0792	0.0768	0.0781
July	0.0798	0.0783	0.0789
August	0.0810	0.0773	0.0795
September	0.0799	0.0775	0.0788
October	0.0785	0.0748	0.0757
November	0.0783	0.0765	0.0776
December	0.0781	0.0766	0.0776