2023 BMD to MNT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 BMD to MNT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the BMD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on March 31, valuing the pair at 3519.0000. Conversely, the yearly low was recorded on March 30, dropping to 3406.9653.
This high-to-low spread represents a total annual volatility of 112.0347 MNT. From a start-to-finish perspective, comparing the January average rate of 3406.9653 to the December average rate of 3450.0000, the exchange rate registered a net change of 1.26% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 3519.0000 was up 3.29% compared to the 2022 peak of 3406.9653, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 BMD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
BMD to MNT Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 3463.5850, compared to 3460.0161 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.5688 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 112.0347 MNT (High: 3519.0000 / Low: 3406.9653). On the other end, December was the most stable month, with a tight range of 0.0000 MNT (High: 3450.0000 / Low: 3450.0000).
Growth Streaks & Declines
TrendsBetween 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 60.0968 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (March 2023: 3410.5793) against the same month in 2022 (average: 2883.6845), the exchange rate shifted by +526.8948 (+18.27%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 3406.9653 | 3406.9653 | 3406.9653 |
| February | 3406.9653 | 3406.9653 | 3406.9653 |
| March | 3519.0000 | 3406.9653 | 3410.5793 |
| April | 3519.0000 | 3519.0000 | 3519.0000 |
| May | 3519.0000 | 3519.0000 | 3519.0000 |
| June | 3519.0000 | 3519.0000 | 3519.0000 |
| July | 3519.0000 | 3450.0000 | 3510.0968 |
| August | 3450.0000 | 3450.0000 | 3450.0000 |
| September | 3450.0000 | 3450.0000 | 3450.0000 |
| October | 3450.0000 | 3450.0000 | 3450.0000 |
| November | 3450.0000 | 3450.0000 | 3450.0000 |
| December | 3450.0000 | 3450.0000 | 3450.0000 |