2024 MXN to SYP Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 MXN to SYP Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the MXN to SYP exchange rate experienced significant fluctuation. The market reached its absolute peak on December 22, valuing the pair at 647.9261. Conversely, the yearly low was recorded on November 26, dropping to 121.5676.
This high-to-low spread represents a total annual volatility of 526.3585 SYP. From a start-to-finish perspective, comparing the January average rate of 147.3077 to the December average rate of 307.3691, the exchange rate registered a net change of 108.66% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2024 high of 647.9261 was up 330.24% compared to the 2023 peak of 150.5977, 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 2024.
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 146.9107, compared to 159.5002 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 12.5895 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was December, with a trading range of 524.8389 SYP (High: 647.9261 / Low: 123.0872). On the other end, February was the most stable month, with a tight range of 1.3866 SYP (High: 147.4221 / Low: 146.0355).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 11.3599 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2024: 307.3691) against the same month in 2023 (average: 146.3758), the exchange rate shifted by +160.9933 (+109.99%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 149.2333 | 145.1531 | 147.3077 |
| February | 147.4221 | 146.0355 | 147.0157 |
| March | 151.7370 | 147.6578 | 149.8452 |
| April | 153.8818 | 146.0379 | 149.4971 |
| May | 151.7646 | 147.5815 | 149.5794 |
| June | 148.0127 | 133.9296 | 138.2194 |
| July | 142.5889 | 133.8510 | 138.8206 |
| August | 134.8736 | 126.5861 | 131.2226 |
| September | 131.3826 | 125.0341 | 128.2297 |
| October | 130.3342 | 124.5917 | 127.7175 |
| November | 126.8568 | 121.5676 | 123.6418 |
| December | 647.9261 | 123.0872 | 307.3691 |