2023 CNY to MNT Historical Review

YEARLY HIGH

512.3166 MNT

YEARLY LOW

469.8352 MNT

YEARLY AVERAGE

489.7247 MNT

2023 CNY to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CNY to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on March 31, valuing the pair at 512.3166. Conversely, the yearly low was recorded on September 9, dropping to 469.8352.

This high-to-low spread represents a total annual volatility of 42.4813 MNT. From a start-to-finish perspective, comparing the January average rate of 501.6723 to the December average rate of 484.6668, the exchange rate registered a net change of -3.39% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 512.3166 was up 3.73% compared to the 2022 peak of 493.9134, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 12,807,914 MNT

2022 Average 11,598,171 MNT

Yearly Trough Low 11,745,880 MNT

Transaction Impact: A difference of 1,062,033.62 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

514.7775

469.2818

JanuMarcMayJulySeptNove

CNY 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 500.1363, compared to 479.3131 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 20.8232 points.

H1 Avg (Jan–Jun) 500.1363

H2 Avg (Jul–Dec) 479.3131

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 23.1474 MNT (High: 512.3166 / Low: 489.1691). On the other end, April was the most stable month, with a tight range of 4.7221 MNT (High: 512.3166 / Low: 507.5944).

March Spread (Volatile) ±23.1474

April Spread (Stable) ±4.7221

Growth Streaks & Declines

Trends

Between September and December, 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 11.8640 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -11.8640

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 494.8206) against the same month in 2022 (average: 454.4444), the exchange rate shifted by +40.3762 (+8.88%).

2023 Avg (March) 494.8206

2022 Avg (March) 454.4444

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	508.2823	492.6849	501.6723
February	506.0476	489.7739	497.8588
March	512.3166	489.1691	494.8206
April	512.3166	507.5944	510.9862
May	509.5053	494.8114	503.5872
June	496.6972	485.1317	491.8927
July	493.1127	482.6052	488.4219
August	483.1188	472.7258	476.5579
September	476.3614	469.8352	473.0731
October	481.2588	471.4854	474.2706
November	487.7152	471.5112	478.8885
December	487.8532	480.7022	484.6668