2023 FJD to MNT Historical Review

YEARLY HIGH

1614.8128 MNT

YEARLY LOW

1495.8701 MNT

YEARLY AVERAGE

1552.9799 MNT

2023 FJD to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FJD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 14, valuing the pair at 1614.8128. Conversely, the yearly low was recorded on November 13, dropping to 1495.8701.

This high-to-low spread represents a total annual volatility of 118.9427 MNT. From a start-to-finish perspective, comparing the January average rate of 1564.3223 to the December average rate of 1557.3926, the exchange rate registered a net change of -0.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1614.8128 was up 3.51% compared to the 2022 peak of 1560.0015, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 8,074,064 MNT

2022 Average 7,132,024 MNT

Yearly Trough Low 7,479,350 MNT

Transaction Impact: A difference of 594,713.39 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1597.8350

1504.4685

JanuMarcMayJulySeptNove

FJD 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 1567.9812, compared to 1537.9787 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 30.0025 points.

H1 Avg (Jan–Jun) 1567.9812

H2 Avg (Jul–Dec) 1537.9787

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 72.3618 MNT (High: 1614.8128 / Low: 1542.4509). On the other end, September was the most stable month, with a tight range of 25.9300 MNT (High: 1526.5824 / Low: 1500.6525).

July Spread (Volatile) ±72.3618

September Spread (Stable) ±25.9300

Growth Streaks & Declines

Trends

Between October and December, 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 53.4143 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -53.4143

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1582.7148) against the same month in 2022 (average: 1421.8290), the exchange rate shifted by +160.8858 (+11.32%).

2023 Avg (July) 1582.7148

2022 Avg (July) 1421.8290

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1583.1623	1533.7156	1564.3223
February	1572.6028	1535.1531	1552.9298
March	1591.9475	1521.7615	1537.6950
April	1602.4955	1572.9483	1590.0545
May	1604.6146	1562.2295	1581.7555
June	1601.8025	1555.0636	1581.1300
July	1614.8128	1542.4509	1582.7148
August	1555.2450	1502.3188	1529.3005
September	1526.5824	1500.6525	1519.1822
October	1526.9203	1500.8418	1512.2490
November	1550.3876	1495.8701	1527.0332
December	1575.5583	1540.3505	1557.3926