2023 MXN to TOP Historical Review

YEARLY HIGH

0.1427 TOP

YEARLY LOW

0.1201 TOP

YEARLY AVERAGE

0.1334 TOP

2023 MXN to TOP Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to TOP exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 0.1427. Conversely, the yearly low was recorded on January 1, dropping to 0.1201.

This high-to-low spread represents a total annual volatility of 0.0227 TOP. From a start-to-finish perspective, comparing the January average rate of 0.1228 to the December average rate of 0.1369, the exchange rate registered a net change of 11.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1427 was up 14.32% compared to the 2022 peak of 0.1249, 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 7,137 TOP

2022 Average 5,800 TOP

Yearly Trough Low 6,004 TOP

Transaction Impact: A difference of 1,132.63 TOP purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1417

0.1211

JanuMarcMayJulySeptNove

MXN to TOP 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 0.1295, compared to 0.1373 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0078 points.

H1 Avg (Jan–Jun) 0.1295

H2 Avg (Jul–Dec) 0.1373

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0083 TOP (High: 0.1321 / Low: 0.1238). On the other end, December was the most stable month, with a tight range of 0.0028 TOP (High: 0.1378 / Low: 0.1350).

March Spread (Volatile) ±0.0083

December Spread (Stable) ±0.0028

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 0.0057 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0057

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.1400) against the same month in 2022 (average: 0.1161), the exchange rate shifted by +0.0239 (+20.56%).

2023 Avg (August) 0.1400

2022 Avg (August) 0.1161

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1248	0.1201	0.1228
February	0.1289	0.1217	0.1257
March	0.1321	0.1238	0.1282
April	0.1313	0.1280	0.1303
May	0.1353	0.1310	0.1331
June	0.1383	0.1348	0.1367
July	0.1409	0.1365	0.1388
August	0.1427	0.1360	0.1400
September	0.1402	0.1352	0.1383
October	0.1372	0.1310	0.1326
November	0.1392	0.1344	0.1372
December	0.1378	0.1350	0.1369