2023 EUR to MNT Historical Review

YEARLY HIGH

3956.6000 MNT

YEARLY LOW

3584.2042 MNT

YEARLY AVERAGE

3747.0875 MNT

2023 EUR to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the EUR to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 3956.6000. Conversely, the yearly low was recorded on January 5, dropping to 3584.2042.

This high-to-low spread represents a total annual volatility of 372.3958 MNT. From a start-to-finish perspective, comparing the January average rate of 3675.4198 to the December average rate of 3768.5902, the exchange rate registered a net change of 2.53% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 3956.6000 was up 8.27% compared to the 2022 peak of 3654.4795, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 19,783,000 MNT

2022 Average 16,425,298 MNT

Yearly Trough Low 17,921,021 MNT

Transaction Impact: A difference of 1,861,978.97 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

3905.3469

3621.5392

JanuMarcMayJulySeptNove

EUR 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 3748.0351, compared to 3746.1400 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.8951 points.

H1 Avg (Jan–Jun) 3748.0351

H2 Avg (Jul–Dec) 3746.1400

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 230.3364 MNT (High: 3824.2726 / Low: 3593.9362). On the other end, October was the most stable month, with a tight range of 69.3952 MNT (High: 3681.3744 / Low: 3611.9792).

March Spread (Volatile) ±230.3364

October Spread (Stable) ±69.3952

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 117.7129 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -117.7129

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 3881.6963) against the same month in 2022 (average: 3203.6416), the exchange rate shifted by +678.0547 (+21.17%).

2023 Avg (July) 3881.6963

2022 Avg (July) 3203.6416

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	3720.5764	3584.2042	3675.4198
February	3752.0074	3595.5178	3646.2974
March	3824.2726	3593.9362	3654.5544
April	3915.7692	3802.1047	3867.0395
May	3945.0230	3763.4351	3828.7829
June	3867.9681	3764.2201	3816.1165
July	3956.6000	3793.8854	3881.6963
August	3803.9457	3724.2702	3763.9834
September	3723.0122	3624.3303	3684.1224
October	3681.3744	3611.9792	3645.1899
November	3796.4529	3652.2700	3733.2578
December	3832.4178	3714.0104	3768.5902