2023 EGP to MNT Historical Review

YEARLY HIGH

137.8512 MNT

YEARLY LOW

110.0814 MNT

YEARLY AVERAGE

113.0139 MNT

2023 EGP to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EGP to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 137.8512. Conversely, the yearly low was recorded on March 23, dropping to 110.0814.

This high-to-low spread represents a total annual volatility of 27.7698 MNT. From a start-to-finish perspective, comparing the January average rate of 119.5470 to the December average rate of 111.6517, the exchange rate registered a net change of -6.60% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 137.8512 was down 25.02% compared to the 2022 peak of 183.8427, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 689,256 MNT

2022 Average 822,672 MNT

Yearly Trough Low 550,407 MNT

Transaction Impact: A difference of 138,848.93 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

120.4313

109.8192

JanuMarcMayJulySeptNove

EGP 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 114.0255, compared to 112.0023 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.0232 points.

H1 Avg (Jan–Jun) 114.0255

H2 Avg (Jul–Dec) 112.0023

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 24.9686 MNT (High: 137.8512 / Low: 112.8826). On the other end, September was the most stable month, with a tight range of 0.3443 MNT (High: 111.8144 / Low: 111.4701).

January Spread (Volatile) ±24.9686

September Spread (Stable) ±0.3443

Growth Streaks & Declines

Trends

Between August and November, 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 January and February, when the average rate fell by 7.7435 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -7.7435

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 119.5470) against the same month in 2022 (average: 181.9630), the exchange rate shifted by -62.4161 (-34.30%).

2023 Avg (January) 119.5470

2022 Avg (January) 181.9630

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	137.8512	112.8826	119.5470
February	112.8444	111.2166	111.8034
March	114.5546	110.0814	110.7035
April	114.9147	113.3465	114.0954
May	116.2476	113.3306	114.1065
June	114.2477	113.6795	113.8971
July	114.3303	111.6396	113.6755
August	112.0599	111.1412	111.6365
September	111.8144	111.4701	111.6569
October	112.1350	111.1662	111.6941
November	112.5435	111.4688	111.6992
December	112.0268	111.4053	111.6517