2023 XDR to MXN Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 XDR to MXN Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the XDR to MXN exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 25.9939. Conversely, the yearly low was recorded on August 30, dropping to 22.2198.
This high-to-low spread represents a total annual volatility of 3.7741 MXN. From a start-to-finish perspective, comparing the January average rate of 25.4770 to the December average rate of 22.8933, the exchange rate registered a net change of -10.14% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2023 high of 25.9939 was down 12.86% compared to the 2022 peak of 29.8290, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 XDR based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
XDR to MXN 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 24.3647, compared to 22.9841 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.3806 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was February, with a trading range of 1.6767 MXN (High: 25.9584 / Low: 24.2816). On the other end, April was the most stable month, with a tight range of 0.4303 MXN (High: 24.6533 / Low: 24.2230).
Growth Streaks & Declines
TrendsBetween 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 0.8208 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2023: 25.4770) against the same month in 2022 (average: 28.7640), the exchange rate shifted by -3.2870 (-11.43%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 25.9939 | 25.1351 | 25.4770 |
| February | 25.9584 | 24.2816 | 24.9091 |
| March | 25.4592 | 23.8691 | 24.5609 |
| April | 24.6533 | 24.2230 | 24.3865 |
| May | 24.2869 | 23.4433 | 23.8378 |
| June | 23.3832 | 22.7675 | 23.0170 |
| July | 23.0499 | 22.4864 | 22.7369 |
| August | 23.2937 | 22.2198 | 22.6781 |
| September | 23.4178 | 22.5066 | 22.8684 |
| October | 24.1084 | 22.7805 | 23.7537 |
| November | 23.3944 | 22.7005 | 22.9744 |
| December | 23.2615 | 22.6535 | 22.8933 |