2023 BIF to MNT Historical Review

YEARLY HIGH

1.7073 MNT

YEARLY LOW

1.2061 MNT

YEARLY AVERAGE

1.3906 MNT

2023 BIF to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BIF to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 1.7073. Conversely, the yearly low was recorded on December 17, dropping to 1.2061.

This high-to-low spread represents a total annual volatility of 0.5012 MNT. From a start-to-finish perspective, comparing the January average rate of 1.6467 to the December average rate of 1.2102, the exchange rate registered a net change of -26.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1.7073 was up 2.84% compared to the 2022 peak of 1.6601, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,536 MNT

2022 Average 7,646 MNT

Yearly Trough Low 6,030 MNT

Transaction Impact: A difference of 2,505.92 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1.7406

1.1620

JanuMarcMayJulySeptNove

BIF 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 1.5621, compared to 1.2192 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3429 points.

H1 Avg (Jan–Jun) 1.5621

H2 Avg (Jul–Dec) 1.2192

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.4475 MNT (High: 1.6930 / Low: 1.2455). On the other end, December was the most stable month, with a tight range of 0.0066 MNT (High: 1.2127 / Low: 1.2061).

May Spread (Volatile) ±0.4475

December Spread (Stable) ±0.0066

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 May and June, when the average rate fell by 0.2599 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.2599

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 1.6924) against the same month in 2022 (average: 1.4653), the exchange rate shifted by +0.2271 (+15.50%).

2023 Avg (April) 1.6924

2022 Avg (April) 1.4653

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.6531	1.6425	1.6467
February	1.6507	1.6303	1.6433
March	1.6878	1.6365	1.6427
April	1.7073	1.6878	1.6924
May	1.6930	1.2455	1.5037
June	1.2502	1.2382	1.2438
July	1.2529	1.2169	1.2405
August	1.2224	1.2135	1.2173
September	1.2217	1.2122	1.2165
October	1.2219	1.2114	1.2155
November	1.2248	1.2105	1.2150
December	1.2127	1.2061	1.2102