2023 MXN to UAH Historical Review

YEARLY HIGH

2.2550 UAH

YEARLY LOW

1.8850 UAH

YEARLY AVERAGE

2.0777 UAH

2023 MXN to UAH Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to UAH exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 2.2550. Conversely, the yearly low was recorded on January 1, dropping to 1.8850.

This high-to-low spread represents a total annual volatility of 0.3701 UAH. From a start-to-finish perspective, comparing the January average rate of 1.9386 to the December average rate of 2.1673, the exchange rate registered a net change of 11.79% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.2550 was up 17.50% compared to the 2022 peak of 1.9191, 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 112,752 UAH

2022 Average 81,299 UAH

Yearly Trough Low 94,248 UAH

Transaction Impact: A difference of 18,504.07 UAH purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.2015

1.9147

JanuMarcMayJulySeptNove

MXN to UAH 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 2.0302, compared to 2.1251 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0949 points.

H1 Avg (Jan–Jun) 2.0302

H2 Avg (Jul–Dec) 2.1251

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 0.1607 UAH (High: 2.2550 / Low: 2.0944). On the other end, April was the most stable month, with a tight range of 0.0407 UAH (High: 2.0523 / Low: 2.0116).

December Spread (Volatile) ±0.1607

April Spread (Stable) ±0.0407

Growth Streaks & Declines

Trends

Between 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 0.1162 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.1162

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.1673) against the same month in 2022 (average: 1.8818), the exchange rate shifted by +0.2854 (+15.17%).

2023 Avg (December) 2.1673

2022 Avg (December) 1.8818

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.9716	1.8850	1.9386
February	2.0173	1.9164	1.9795
March	2.0572	1.9253	2.0024
April	2.0523	2.0116	2.0378
May	2.1173	2.0414	2.0815
June	2.1627	2.1033	2.1416
July	2.2135	2.1368	2.1776
August	2.2082	2.1293	2.1735
September	2.1641	2.0895	2.1346
October	2.1258	1.9914	2.0184
November	2.1211	2.0259	2.0793
December	2.2550	2.0944	2.1673