2023 BGN to MNT Historical Review

YEARLY HIGH

2023.6955 MNT

YEARLY LOW

1833.0618 MNT

YEARLY AVERAGE

1915.1096 MNT

2023 BGN to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BGN to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 2023.6955. Conversely, the yearly low was recorded on January 5, dropping to 1833.0618.

This high-to-low spread represents a total annual volatility of 190.6337 MNT. From a start-to-finish perspective, comparing the January average rate of 1878.5050 to the December average rate of 1926.2448, the exchange rate registered a net change of 2.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2023.6955 was up 8.53% compared to the 2022 peak of 1864.6285, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,118,477 MNT

2022 Average 8,397,091 MNT

Yearly Trough Low 9,165,309 MNT

Transaction Impact: A difference of 953,168.49 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1996.7385

1851.5361

JanuMarcMayJulySeptNove

BGN 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 1915.1474, compared to 1915.0717 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0757 points.

H1 Avg (Jan–Jun) 1915.1474

H2 Avg (Jul–Dec) 1915.0717

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 120.8210 MNT (High: 1958.4338 / Low: 1837.6127). On the other end, April was the most stable month, with a tight range of 31.2216 MNT (High: 1989.6554 / Low: 1958.4338).

March Spread (Volatile) ±120.8210

April Spread (Stable) ±31.2216

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 60.3870 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -60.3870

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1984.6383) against the same month in 2022 (average: 1637.1148), the exchange rate shifted by +347.5234 (+21.23%).

2023 Avg (July) 1984.6383

2022 Avg (July) 1637.1148

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1899.9678	1833.0618	1878.5050
February	1900.1850	1837.4512	1863.6363
March	1958.4338	1837.6127	1867.9005
April	1989.6554	1958.4338	1974.5426
May	1991.7590	1923.4869	1955.2888
June	1976.7275	1924.4020	1951.0114
July	2023.6955	1940.4152	1984.6383
August	1943.0490	1904.3350	1924.2513
September	1905.2458	1852.9608	1883.3147
October	1881.6984	1845.9810	1863.6600
November	1939.5098	1865.9390	1908.3211
December	1958.4580	1897.5436	1926.2448