2023 BOB to MNT Historical Review

YEARLY HIGH

514.1270 MNT

YEARLY LOW

488.5042 MNT

YEARLY AVERAGE

501.1539 MNT

2023 BOB to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the BOB to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 12, valuing the pair at 514.1270. Conversely, the yearly low was recorded on February 5, dropping to 488.5042.

This high-to-low spread represents a total annual volatility of 25.6229 MNT. From a start-to-finish perspective, comparing the January average rate of 493.0444 to the December average rate of 498.7153, the exchange rate registered a net change of 1.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 514.1270 was up 3.45% compared to the 2022 peak of 496.9869, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,570,635 MNT

2022 Average 2,266,137 MNT

Yearly Trough Low 2,442,521 MNT

Transaction Impact: A difference of 128,114.33 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

511.1203

491.3440

JanuMarcMayJulySeptNove

BOB 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 501.4129, compared to 500.8949 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5181 points.

H1 Avg (Jan–Jun) 501.4129

H2 Avg (Jul–Dec) 500.8949

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 18.0526 MNT (High: 509.6108 / Low: 491.5582). On the other end, January was the most stable month, with a tight range of 2.1012 MNT (High: 494.7125 / Low: 492.6113).

March Spread (Volatile) ±18.0526

January Spread (Stable) ±2.1012

Growth Streaks & Declines

Trends

Between February and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 9.1712 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -9.1712

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 508.4603) against the same month in 2022 (average: 457.0169), the exchange rate shifted by +51.4434 (+11.26%).

2023 Avg (July) 508.4603

2022 Avg (July) 457.0169

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	494.7125	492.6113	493.0444
February	495.8414	488.5042	492.9920
March	509.6108	491.5582	494.2622
April	512.7892	506.9845	509.3604
May	510.8293	508.2811	509.4722
June	512.4104	507.3461	509.3463
July	514.1270	497.1737	508.4603
August	502.8188	497.3686	499.2891
September	501.0692	498.2052	499.3956
October	501.4892	498.2052	499.6415
November	503.4083	498.8229	499.8676
December	499.6612	496.6061	498.7153