2023 TWD to MXN Historical Review

YEARLY HIGH

0.6383 MXN

YEARLY LOW

0.5258 MXN

YEARLY AVERAGE

0.5701 MXN

2023 TWD to MXN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TWD to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 6, valuing the pair at 0.6383. Conversely, the yearly low was recorded on August 27, dropping to 0.5258.

This high-to-low spread represents a total annual volatility of 0.1125 MXN. From a start-to-finish perspective, comparing the January average rate of 0.6240 to the December average rate of 0.5500, the exchange rate registered a net change of -11.86% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.6383 was down 15.40% compared to the 2022 peak of 0.7545, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 3,192 MXN

2022 Average 3,384 MXN

Yearly Trough Low 2,629 MXN

Transaction Impact: A difference of 562.70 MXN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.6330

0.5249

JanuMarcMayJulySeptNove

TWD 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 0.5949, compared to 0.5453 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0496 points.

H1 Avg (Jan–Jun) 0.5949

H2 Avg (Jul–Dec) 0.5453

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0413 MXN (High: 0.6383 / Low: 0.5970). On the other end, December was the most stable month, with a tight range of 0.0101 MXN (High: 0.5558 / Low: 0.5457).

February Spread (Volatile) ±0.0413

December Spread (Stable) ±0.0101

Growth Streaks & Declines

Trends

Between August and October, 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 May and June, when the average rate fell by 0.0177 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0177

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.6144) against the same month in 2022 (average: 0.7345), the exchange rate shifted by -0.1201 (-16.35%).

2023 Avg (February) 0.6144

2022 Avg (February) 0.7345

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6363	0.6159	0.6240
February	0.6383	0.5970	0.6144
March	0.6219	0.5847	0.6025
April	0.5993	0.5852	0.5912
May	0.5861	0.5674	0.5774
June	0.5737	0.5495	0.5597
July	0.5499	0.5319	0.5425
August	0.5477	0.5258	0.5339
September	0.5507	0.5335	0.5401
October	0.5678	0.5397	0.5603
November	0.5541	0.5405	0.5448
December	0.5558	0.5457	0.5500