2023 AFN to MNT Historical Review

YEARLY HIGH

50.2029 MNT

YEARLY LOW

37.4789 MNT

YEARLY AVERAGE

42.1435 MNT

2023 AFN to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the AFN to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on November 18, valuing the pair at 50.2029. Conversely, the yearly low was recorded on February 8, dropping to 37.4789.

This high-to-low spread represents a total annual volatility of 12.7240 MNT. From a start-to-finish perspective, comparing the January average rate of 38.3441 to the December average rate of 49.3224, the exchange rate registered a net change of 28.63% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 50.2029 was up 26.86% compared to the 2022 peak of 39.5743, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 251,015 MNT

2022 Average 174,283 MNT

Yearly Trough Low 187,395 MNT

Transaction Impact: A difference of 63,620.02 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

50.4542

36.8727

JanuMarcMayJulySeptNove

AFN to MNT 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 39.4532, compared to 44.8338 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.3806 points.

H1 Avg (Jan–Jun) 39.4532

H2 Avg (Jul–Dec) 44.8338

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 4.6997 MNT (High: 47.0500 / Low: 42.3503). On the other end, January was the most stable month, with a tight range of 1.0151 MNT (High: 38.8545 / Low: 37.8394).

September Spread (Volatile) ±4.6997

January Spread (Stable) ±1.0151

Growth Streaks & Declines

Trends

Between July and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between April and May, when the average rate fell by 0.3983 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.3983

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 48.3134) against the same month in 2022 (average: 38.6670), the exchange rate shifted by +9.6464 (+24.95%).

2023 Avg (November) 48.3134

2022 Avg (November) 38.6670

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	38.8545	37.8394	38.3441
February	38.8125	37.4789	38.0045
March	40.5620	38.0667	38.9350
April	41.2720	38.4590	40.6236
May	40.8450	39.6084	40.2253
June	41.3207	40.2115	40.5869
July	41.1915	39.4286	40.5242
August	42.4844	39.8233	40.8718
September	47.0500	42.3503	44.2857
October	47.0543	44.0043	45.6853
November	50.2029	46.3087	48.3134
December	49.7905	48.7493	49.3224