2023 MXN to SZL Historical Review

YEARLY HIGH

1.1377 SZL

YEARLY LOW

0.8701 SZL

YEARLY AVERAGE

1.0419 SZL

2023 MXN to SZL Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to SZL exchange rate experienced significant fluctuation. The market reached its absolute peak on August 15, valuing the pair at 1.1377. Conversely, the yearly low was recorded on January 1, dropping to 0.8701.

This high-to-low spread represents a total annual volatility of 0.2676 SZL. From a start-to-finish perspective, comparing the January average rate of 0.9020 to the December average rate of 1.0855, the exchange rate registered a net change of 20.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.1377 was up 21.90% compared to the 2022 peak of 0.9333, 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 56,884 SZL

2022 Average 40,736 SZL

Yearly Trough Low 43,504 SZL

Transaction Impact: A difference of 13,379.06 SZL purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.1260

0.8817

JanuMarcMayJulySeptNove

MXN to SZL 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 1.0033, compared to 1.0806 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0773 points.

H1 Avg (Jan–Jun) 1.0033

H2 Avg (Jul–Dec) 1.0806

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.1043 SZL (High: 1.0082 / Low: 0.9040). On the other end, September was the most stable month, with a tight range of 0.0380 SZL (High: 1.1137 / Low: 1.0757).

February Spread (Volatile) ±0.1043

September Spread (Stable) ±0.0380

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 0.0416 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0416

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 1.1057) against the same month in 2022 (average: 0.8301), the exchange rate shifted by +0.2755 (+33.19%).

2023 Avg (August) 1.1057

2022 Avg (August) 0.8301

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.9252	0.8701	0.9020
February	1.0082	0.9040	0.9631
March	1.0361	0.9571	0.9918
April	1.0195	0.9795	1.0034
May	1.1184	1.0204	1.0743
June	1.1264	1.0583	1.0851
July	1.1057	1.0416	1.0768
August	1.1377	1.0648	1.1057
September	1.1137	1.0757	1.0959
October	1.0848	1.0331	1.0543
November	1.0985	1.0389	1.0655
December	1.1103	1.0587	1.0855