2023 MXN to UYU Historical Review

YEARLY HIGH

2.3270 UYU

YEARLY LOW

2.0340 UYU

YEARLY AVERAGE

2.1911 UYU

2023 MXN to UYU Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to UYU exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 2.3270. Conversely, the yearly low was recorded on February 4, dropping to 2.0340.

This high-to-low spread represents a total annual volatility of 0.2930 UYU. From a start-to-finish perspective, comparing the January average rate of 2.0820 to the December average rate of 2.2881, the exchange rate registered a net change of 9.90% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3270 was up 5.90% compared to the 2022 peak of 2.1973, 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 116,349 UYU

2022 Average 102,406 UYU

Yearly Trough Low 101,698 UYU

Transaction Impact: A difference of 14,651.08 UYU purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3087

2.0614

JanuMarcMayJulySeptNove

MXN to UYU 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 2.1446, compared to 2.2377 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0931 points.

H1 Avg (Jan–Jun) 2.1446

H2 Avg (Jul–Dec) 2.2377

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.1258 UYU (High: 2.1881 / Low: 2.0623). On the other end, April was the most stable month, with a tight range of 0.0500 UYU (High: 2.1675 / Low: 2.1174).

March Spread (Volatile) ±0.1258

April Spread (Stable) ±0.0500

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 August and September, when the average rate fell by 0.0297 points.

Longest Streak 6 Mo.

Sharpest MoM Drop -0.0297

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 2.2881) against the same month in 2022 (average: 1.9906), the exchange rate shifted by +0.2975 (+14.94%).

2023 Avg (December) 2.2881

2022 Avg (December) 1.9906

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1277	2.0364	2.0820
February	2.1546	2.0340	2.1017
March	2.1881	2.0623	2.1245
April	2.1675	2.1174	2.1459
May	2.2325	2.1542	2.1933
June	2.2567	2.1884	2.2201
July	2.2783	2.1770	2.2366
August	2.2555	2.1845	2.2289
September	2.2395	2.1452	2.1992
October	2.2407	2.1403	2.1904
November	2.3127	2.2452	2.2830
December	2.3270	2.2317	2.2881