2024 MXN to THB Historical Review

YEARLY HIGH

2.2481 THB

YEARLY LOW

1.6417 THB

YEARLY AVERAGE

1.9398 THB

2024 MXN to THB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the MXN to THB exchange rate experienced significant fluctuation. The market reached its absolute peak on April 8, valuing the pair at 2.2481. Conversely, the yearly low was recorded on September 27, dropping to 1.6417.

This high-to-low spread represents a total annual volatility of 0.6065 THB. From a start-to-finish perspective, comparing the January average rate of 2.0620 to the December average rate of 1.6865, the exchange rate registered a net change of -18.21% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 2.2481 was up 6.02% compared to the 2023 peak of 2.1204, 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 112,407 THB

2023 Average 98,219 THB

Yearly Trough Low 82,084 THB

Transaction Impact: A difference of 30,322.99 THB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

2.2371

1.6364

JanuMarcMayJulySeptNove

MXN to THB 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 2.1147, compared to 1.7648 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3499 points.

H1 Avg (Jan–Jun) 2.1147

H2 Avg (Jul–Dec) 1.7648

Volatility Range Comparison

Volatility

The most volatile month in 2024 was June, with a trading range of 0.2117 THB (High: 2.1655 / Low: 1.9538). On the other end, May was the most stable month, with a tight range of 0.0401 THB (High: 2.1961 / Low: 2.1559).

June Spread (Volatile) ±0.2117

May Spread (Stable) ±0.0401

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 July and August, when the average rate fell by 0.1888 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.1888

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 2.1870) against the same month in 2023 (average: 1.8916), the exchange rate shifted by +0.2954 (+15.62%).

2024 Avg (April) 2.1870

2023 Avg (April) 1.8916

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.0791	2.0124	2.0620
February	2.1186	2.0682	2.0974
March	2.1983	2.1030	2.1435
April	2.2481	2.1514	2.1870
May	2.1961	2.1559	2.1790
June	2.1655	1.9538	2.0192
July	2.0514	1.9039	2.0018
August	1.8821	1.7098	1.8130
September	1.7460	1.6417	1.6976
October	1.7357	1.6579	1.6967
November	1.7165	1.6648	1.6934
December	1.7044	1.6460	1.6865