Historical Year Data · 2023
Mexico Overnight Target Rate in 2023
Mexico Overnight Target Rate opened 2023 at 7.36% and closed at 8.67%, a +17.80% move for the year. The high of 8.67% was reached on December 1, and the low of 7.36% on January 1.
Open
7.36%
2023-01
Close
8.67%
12 data points
High
8.67%
Dec 1
Low
7.36%
Jan 1
Full Year Change
+17.80%
2022 Change
+57.82%
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 7.36% | 7.36% | 7.36% | 7.36% | +0.00% |
| Feb | 7.63% | 7.63% | 7.63% | 7.63% | +0.00% |
| Mar | 7.88% | 7.88% | 7.88% | 7.88% | +0.00% |
| Apr | 8.11% | 8.11% | 8.11% | 8.11% | +0.00% |
| May | 8.23% | 8.23% | 8.23% | 8.23% | +0.00% |
| Jun | 8.30% | 8.30% | 8.30% | 8.30% | +0.00% |
| Jul | 8.32% | 8.32% | 8.32% | 8.32% | +0.00% |
| Aug | 8.35% | 8.35% | 8.35% | 8.35% | +0.00% |
| Sep | 8.45% | 8.45% | 8.45% | 8.45% | +0.00% |
| Oct | 8.53% | 8.53% | 8.53% | 8.53% | +0.00% |
| Nov | 8.52% | 8.52% | 8.52% | 8.52% | +0.00% |
| Dec | 8.67% | 8.67% | 8.67% | 8.67% | +0.00% |
Events During 2023
2023 Silicon Valley Bank Collapse
Mixed
March 2023
Silicon Valley Bank collapsed on March 10, 2023, the second-largest bank failure in US history. The Fed's response redefined liquidity backstops for the banking system.
2023 Credit Suisse Forced Merger
Mixed
March 15-19, 2023
Credit Suisse was forced into an emergency acquisition by UBS over the weekend of March 18-19, 2023. The deal wiped out AT1 bondholders while preserving some equity, reshaping bank capital structure risk assessment globally.
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