2023 MXN to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MXN to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MXN to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on July 30, valuing the pair at 150.5977. Conversely, the yearly low was recorded on January 1, dropping to 128.8658.
This high-to-low spread represents a total annual volatility of 21.7319 SYP. From a start-to-finish perspective, comparing the January average rate of 132.5052 to the December average rate of 146.3758, the exchange rate registered a net change of 10.47% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 150.5977 was up 14.74% compared to the 2022 peak of 131.2485, 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 SYP 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 138.4473, compared to 145.2702 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 6.8229 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 7.7175 SYP (High: 139.9224 / Low: 132.2049). On the other end, April was the most stable month, with a tight range of 2.5292 SYP (High: 139.7387 / Low: 137.2095).
Growth Streaks & Declines
TrendsBetween January and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 6 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 6.3474 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 148.5066) against the same month in 2022 (average: 122.5593), the exchange rate shifted by +25.9474 (+21.17%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 134.6732 | 128.8658 | 132.5052 |
| February | 137.2633 | 131.0582 | 135.1282 |
| March | 139.9224 | 132.2049 | 136.5446 |
| April | 139.7387 | 137.2095 | 139.0643 |
| May | 143.9966 | 139.7658 | 141.7369 |
| June | 147.1088 | 143.0394 | 145.7048 |
| July | 150.5977 | 145.7858 | 148.5066 |
| August | 150.1436 | 144.9260 | 147.9231 |
| September | 147.2677 | 142.0391 | 145.2723 |
| October | 144.3105 | 136.9678 | 138.9249 |
| November | 146.8131 | 141.2047 | 144.6185 |
| December | 148.4534 | 143.7745 | 146.3758 |