2023 BND to MNT Historical Review

YEARLY HIGH

2671.4909 MNT

YEARLY LOW

2508.2627 MNT

YEARLY AVERAGE

2578.9235 MNT

2023 BND to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BND to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 2671.4909. Conversely, the yearly low was recorded on October 3, dropping to 2508.2627.

This high-to-low spread represents a total annual volatility of 163.2282 MNT. From a start-to-finish perspective, comparing the January average rate of 2567.6994 to the December average rate of 2589.5646, the exchange rate registered a net change of 0.85% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2671.4909 was up 5.50% compared to the 2022 peak of 2532.1880, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,357,454 MNT

2022 Average 11,326,732 MNT

Yearly Trough Low 12,541,314 MNT

Transaction Impact: A difference of 816,140.81 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2658.0517

2508.1504

JanuMarcMayJulySeptNove

BND 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 2593.4356, compared to 2564.4114 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 29.0242 points.

H1 Avg (Jan–Jun) 2593.4356

H2 Avg (Jul–Dec) 2564.4114

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 134.6949 MNT (High: 2650.6498 / Low: 2515.9549). On the other end, October was the most stable month, with a tight range of 27.6927 MNT (High: 2535.9554 / Low: 2508.2627).

March Spread (Volatile) ±134.6949

October Spread (Stable) ±27.6927

Growth Streaks & Declines

Trends

Between October and December, 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 75.8005 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -75.8005

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2630.4199) against the same month in 2022 (average: 2253.6469), the exchange rate shifted by +376.7730 (+16.72%).

2023 Avg (July) 2630.4199

2022 Avg (July) 2253.6469

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2596.3152	2525.2268	2567.6994
February	2608.2690	2525.4196	2558.1785
March	2650.6498	2515.9549	2545.7616
April	2667.0446	2631.5573	2645.5600
May	2656.9519	2597.6480	2628.4297
June	2635.1004	2591.3451	2614.9845
July	2671.4909	2591.3451	2630.4199
August	2586.7964	2539.4760	2554.6194
September	2555.0143	2514.1631	2532.4429
October	2535.9554	2508.2627	2520.6422
November	2590.6113	2517.3111	2558.7793
December	2614.6961	2566.8974	2589.5646