2023 ARS to MNT Historical Review

YEARLY HIGH

19.2780 MNT

YEARLY LOW

4.2550 MNT

YEARLY AVERAGE

13.2505 MNT

2023 ARS to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ARS to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 19.2780. Conversely, the yearly low was recorded on December 31, dropping to 4.2550.

This high-to-low spread represents a total annual volatility of 15.0230 MNT. From a start-to-finish perspective, comparing the January average rate of 18.7199 to the December average rate of 6.3138, the exchange rate registered a net change of -66.27% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 19.2780 was down 30.82% compared to the 2022 peak of 27.8645, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 96,390 MNT

2022 Average 121,558 MNT

Yearly Trough Low 21,275 MNT

Transaction Impact: A difference of 75,115.03 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

19.9605

5.0732

JanuMarcMayJulySeptNove

ARS 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 16.5222, compared to 9.9788 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.5434 points.

H1 Avg (Jan–Jun) 16.5222

H2 Avg (Jul–Dec) 9.9788

Volatility Range Comparison

Volatility

The most volatile month in 2023 was December, with a trading range of 5.3105 MNT (High: 9.5654 / Low: 4.2550). On the other end, September was the most stable month, with a tight range of 0.0155 MNT (High: 9.8717 / Low: 9.8562).

December Spread (Volatile) ±5.3105

September Spread (Stable) ±0.0155

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 November and December, when the average rate fell by 3.4542 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -3.4542

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 18.7199) against the same month in 2022 (average: 27.5329), the exchange rate shifted by -8.8130 (-32.01%).

2023 Avg (January) 18.7199

2022 Avg (January) 27.5329

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	19.2780	18.2192	18.7199
February	18.1925	17.2815	17.7692
March	17.2450	16.3349	16.8437
April	16.8866	15.8502	16.3579
May	15.8281	14.6952	15.2566
June	14.6523	13.7192	14.1860
July	13.8024	12.5325	13.2182
August	12.4916	9.8524	10.8561
September	9.8717	9.8562	9.8602
October	9.8681	9.8158	9.8568
November	9.9335	9.5708	9.7680
December	9.5654	4.2550	6.3138