2023 CVE to MNT Historical Review

YEARLY HIGH

35.9175 MNT

YEARLY LOW

32.4922 MNT

YEARLY AVERAGE

33.9186 MNT

2023 CVE to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 18, valuing the pair at 35.9175. Conversely, the yearly low was recorded on January 5, dropping to 32.4922.

This high-to-low spread represents a total annual volatility of 3.4254 MNT. From a start-to-finish perspective, comparing the January average rate of 33.2468 to the December average rate of 34.1046, the exchange rate registered a net change of 2.58% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 35.9175 was up 9.17% compared to the 2022 peak of 32.9016, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 179,588 MNT

2022 Average 148,600 MNT

Yearly Trough Low 162,461 MNT

Transaction Impact: A difference of 17,126.79 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

35.3799

32.8066

JanuMarcMayJulySeptNove

CVE 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 33.9091, compared to 33.9281 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0190 points.

H1 Avg (Jan–Jun) 33.9091

H2 Avg (Jul–Dec) 33.9281

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 2.0833 MNT (High: 34.6461 / Low: 32.5627). On the other end, October was the most stable month, with a tight range of 0.5425 MNT (High: 33.2624 / Low: 32.7199).

March Spread (Volatile) ±2.0833

October Spread (Stable) ±0.5425

Growth Streaks & Declines

Trends

Between 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 1.0431 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.0431

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 35.1654) against the same month in 2022 (average: 29.2190), the exchange rate shifted by +5.9465 (+20.35%).

2023 Avg (July) 35.1654

2022 Avg (July) 29.2190

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	33.6002	32.4922	33.2468
February	33.7707	32.6281	33.0578
March	34.6461	32.5627	33.0935
April	35.4405	34.6290	34.9470
May	35.1388	34.0658	34.6187
June	34.9171	33.5782	34.4910
July	35.9175	34.3968	35.1654
August	34.5044	33.7804	34.1223
September	33.9348	32.9317	33.4080
October	33.2624	32.7199	33.0211
November	34.3130	32.8728	33.7474
December	34.6539	33.3736	34.1046