2023 THB to MXN Historical Review

YEARLY HIGH

0.5782 MXN

YEARLY LOW

0.4716 MXN

YEARLY AVERAGE

0.5107 MXN

2023 THB to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the THB to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 21, valuing the pair at 0.5782. Conversely, the yearly low was recorded on September 20, dropping to 0.4716.

This high-to-low spread represents a total annual volatility of 0.1066 MXN. From a start-to-finish perspective, comparing the January average rate of 0.5711 to the December average rate of 0.4918, the exchange rate registered a net change of -13.89% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.5782 was down 10.37% compared to the 2022 peak of 0.6451, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 THB based on timing:

Yearly Peak High 144,556 MXN

2022 Average 143,834 MXN

Yearly Trough Low 117,900 MXN

Transaction Impact: A difference of 26,656.46 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.5800

0.4743

JanuMarcMayJulySeptNove

THB 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 0.5324, compared to 0.4891 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0433 points.

H1 Avg (Jan–Jun) 0.5324

H2 Avg (Jul–Dec) 0.4891

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0505 MXN (High: 0.5699 / Low: 0.5194). On the other end, July was the most stable month, with a tight range of 0.0105 MXN (High: 0.4941 / Low: 0.4836).

February Spread (Volatile) ±0.0505

July Spread (Stable) ±0.0105

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 0.0250 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0250

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.5711) against the same month in 2022 (average: 0.6170), the exchange rate shifted by -0.0459 (-7.44%).

2023 Avg (January) 0.5711

2022 Avg (January) 0.6170

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.5782	0.5635	0.5711
February	0.5699	0.5194	0.5461
March	0.5609	0.5124	0.5349
April	0.5394	0.5229	0.5287
May	0.5307	0.5068	0.5188
June	0.5075	0.4803	0.4947
July	0.4941	0.4836	0.4887
August	0.5015	0.4756	0.4848
September	0.4954	0.4716	0.4831
October	0.5062	0.4746	0.4958
November	0.4971	0.4827	0.4904
December	0.4973	0.4848	0.4918