2023 BAM to MNT Historical Review

YEARLY HIGH

2024.8739 MNT

YEARLY LOW

1826.4473 MNT

YEARLY AVERAGE

1915.1666 MNT

2023 BAM to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BAM to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 2024.8739. Conversely, the yearly low was recorded on January 8, dropping to 1826.4473.

This high-to-low spread represents a total annual volatility of 198.4266 MNT. From a start-to-finish perspective, comparing the January average rate of 1874.6050 to the December average rate of 1925.5206, the exchange rate registered a net change of 2.72% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2024.8739 was up 9.04% compared to the 2022 peak of 1856.9665, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,124,369 MNT

2022 Average 8,398,988 MNT

Yearly Trough Low 9,132,236 MNT

Transaction Impact: A difference of 992,133.08 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1996.7851

1852.2439

JanuMarcMayJulySeptNove

BAM 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 1914.8459, compared to 1915.4874 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6414 points.

H1 Avg (Jan–Jun) 1914.8459

H2 Avg (Jul–Dec) 1915.4874

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 123.8277 MNT (High: 1959.8659 / Low: 1836.0382). On the other end, October was the most stable month, with a tight range of 32.9513 MNT (High: 1880.0629 / Low: 1847.1116).

March Spread (Volatile) ±123.8277

October Spread (Stable) ±32.9513

Growth Streaks & Declines

Trends

Between February and April, 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 July and August, when the average rate fell by 59.5851 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -59.5851

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1984.7400) against the same month in 2022 (average: 1638.7004), the exchange rate shifted by +346.0396 (+21.12%).

2023 Avg (July) 1984.7400

2022 Avg (July) 1638.7004

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1898.5639	1826.4473	1874.6050
February	1916.9957	1839.8863	1866.2399
March	1959.8659	1836.0382	1866.8085
April	2002.6702	1954.9902	1974.5917
May	1990.6515	1928.3248	1956.9986
June	1979.9819	1923.4038	1949.8318
July	2024.8739	1941.8383	1984.7400
August	1945.3212	1904.4854	1925.1550
September	1913.1910	1858.8602	1886.5568
October	1880.0629	1847.1116	1864.2890
November	1938.2828	1860.6949	1906.6627
December	1953.7355	1897.7994	1925.5206