2023 SBD to MXN Historical Review

YEARLY HIGH

2.3552 MXN

YEARLY LOW

1.9986 MXN

YEARLY AVERAGE

2.1261 MXN

2023 SBD to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SBD to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2.3552. Conversely, the yearly low was recorded on July 30, dropping to 1.9986.

This high-to-low spread represents a total annual volatility of 0.3567 MXN. From a start-to-finish perspective, comparing the January average rate of 2.2947 to the December average rate of 2.0297, the exchange rate registered a net change of -11.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.3552 was down 11.25% compared to the 2022 peak of 2.6537, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 SBD based on timing:

Yearly Peak High 11,776 MXN

2022 Average 12,356 MXN

Yearly Trough Low 9,993 MXN

Transaction Impact: A difference of 1,783.29 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.3219

1.9954

JanuMarcMayJulySeptNove

SBD to MXN 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 2.1945, compared to 2.0577 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.1369 points.

H1 Avg (Jan–Jun) 2.1945

H2 Avg (Jul–Dec) 2.0577

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.1398 MXN (High: 2.3119 / Low: 2.1722). On the other end, April was the most stable month, with a tight range of 0.0500 MXN (High: 2.2096 / Low: 2.1596).

March Spread (Volatile) ±0.1398

April Spread (Stable) ±0.0500

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0851 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0851

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.2947) against the same month in 2022 (average: 2.5388), the exchange rate shifted by -0.2441 (-9.61%).

2023 Avg (January) 2.2947

2022 Avg (January) 2.5388

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3552	2.2573	2.2947
February	2.3291	2.2214	2.2587
March	2.3119	2.1722	2.2368
April	2.2096	2.1596	2.1789
May	2.1632	2.0937	2.1291
June	2.1062	2.0493	2.0689
July	2.0581	1.9986	2.0226
August	2.0733	1.9994	2.0298
September	2.1135	2.0273	2.0593
October	2.1756	2.0768	2.1448
November	2.1168	2.0154	2.0597
December	2.0628	2.0053	2.0297