2023 MXN to XAF Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 MXN to XAF Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the MXN to XAF exchange rate experienced significant fluctuation. The market reached its absolute peak on August 27, valuing the pair at 36.3052. Conversely, the yearly low was recorded on January 1, dropping to 31.4263.
This high-to-low spread represents a total annual volatility of 4.8789 XAF. From a start-to-finish perspective, comparing the January average rate of 32.0668 to the December average rate of 34.9846, the exchange rate registered a net change of 9.10% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 36.3052 was up 6.16% compared to the 2022 peak of 34.1995, indicating shifts in long-term support levels.
Comparing the value generated converting 50,000 MXN based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
MXN to XAF Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 33.4069, compared to 35.0305 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.6237 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 2.4086 XAF (High: 34.5937 / Low: 32.1851). On the other end, June was the most stable month, with a tight range of 0.5845 XAF (High: 35.3127 / Low: 34.7282).
Growth Streaks & Declines
TrendsBetween January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 1.1887 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (August 2023: 35.4000) against the same month in 2022 (average: 32.2070), the exchange rate shifted by +3.1930 (+9.91%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 32.5807 | 31.4263 | 32.0668 |
| February | 33.8821 | 31.8909 | 32.9678 |
| March | 34.5937 | 32.1851 | 33.2723 |
| April | 33.6428 | 32.7009 | 33.0398 |
| May | 34.8058 | 32.9413 | 34.0162 |
| June | 35.3127 | 34.7282 | 35.0784 |
| July | 35.6655 | 34.6760 | 35.0616 |
| August | 36.3052 | 34.5523 | 35.4000 |
| September | 36.0511 | 34.7661 | 35.5171 |
| October | 35.6639 | 33.8164 | 34.3285 |
| November | 35.2245 | 34.5564 | 34.8915 |
| December | 35.2383 | 34.6483 | 34.9846 |