2023 ETB to MNT Historical Review

YEARLY HIGH

65.6636 MNT

YEARLY LOW

61.1438 MNT

YEARLY AVERAGE

63.2545 MNT

2023 ETB to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ETB to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 65.6636. Conversely, the yearly low was recorded on December 30, dropping to 61.1438.

This high-to-low spread represents a total annual volatility of 4.5198 MNT. From a start-to-finish perspective, comparing the January average rate of 63.5196 to the December average rate of 61.4339, the exchange rate registered a net change of -3.28% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 65.6636 was up 1.96% compared to the 2022 peak of 64.4039, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 328,318 MNT

2022 Average 300,521 MNT

Yearly Trough Low 305,719 MNT

Transaction Impact: A difference of 22,599.05 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

65.3102

61.0815

JanuMarcMayJulySeptNove

ETB 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 64.0931, compared to 62.4160 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.6771 points.

H1 Avg (Jan–Jun) 64.0931

H2 Avg (Jul–Dec) 62.4160

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 2.0912 MNT (High: 65.2876 / Low: 63.1964). On the other end, September was the most stable month, with a tight range of 0.3040 MNT (High: 62.6435 / Low: 62.3394).

March Spread (Volatile) ±2.0912

September Spread (Stable) ±0.3040

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 1.3861 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.3861

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 64.9578) against the same month in 2022 (average: 57.9591), the exchange rate shifted by +6.9987 (+12.08%).

2023 Avg (April) 64.9578

2022 Avg (April) 57.9591

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	63.7471	63.3265	63.5196
February	63.7424	63.0378	63.4343
March	65.2876	63.1964	63.4521
April	65.6636	64.6449	64.9578
May	65.0524	64.3408	64.7207
June	64.8472	64.1751	64.4740
July	64.4517	62.7542	64.0213
August	63.0666	62.3199	62.6352
September	62.6435	62.3394	62.4779
October	62.3644	61.7134	62.0395
November	62.5084	61.4137	61.8881
December	61.9390	61.1438	61.4339