2023 MXN to XOF Historical Review

YEARLY HIGH

36.3052 XOF

YEARLY LOW

31.4263 XOF

YEARLY AVERAGE

34.2187 XOF

2023 MXN to XOF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MXN to XOF 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 XOF. 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.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 MXN based on timing:

Yearly Peak High 1,815,259 XOF

2022 Average 1,552,370 XOF

Yearly Trough Low 1,571,315 XOF

Transaction Impact: A difference of 243,943.88 XOF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

35.8622

31.7217

JanuMarcMayJulySeptNove

MXN to XOF 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 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.

H1 Avg (Jan–Jun) 33.4069

H2 Avg (Jul–Dec) 35.0305

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 2.4086 XOF (High: 34.5937 / Low: 32.1851). On the other end, June was the most stable month, with a tight range of 0.5845 XOF (High: 35.3127 / Low: 34.7282).

March Spread (Volatile) ±2.4086

June Spread (Stable) ±0.5845

Growth Streaks & Declines

Trends

Between 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.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.1887

Same-Month Historical Baseline

YoY Baseline

Comparing 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%).

2023 Avg (August) 35.4000

2022 Avg (August) 32.2070

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