2023 FKP to MNT Historical Review

YEARLY HIGH

4619.8685 MNT

YEARLY LOW

4029.4367 MNT

YEARLY AVERAGE

4306.0147 MNT

2023 FKP to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the FKP to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 4619.8685. Conversely, the yearly low was recorded on March 7, dropping to 4029.4367.

This high-to-low spread represents a total annual volatility of 590.4318 MNT. From a start-to-finish perspective, comparing the January average rate of 4171.5651 to the December average rate of 4369.8399, the exchange rate registered a net change of 4.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 4619.8685 was up 9.19% compared to the 2022 peak of 4231.0251, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 23,099,342 MNT

2022 Average 19,260,469 MNT

Yearly Trough Low 20,147,183 MNT

Transaction Impact: A difference of 2,952,158.91 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

4561.7585

4069.2248

JanuMarcMayJulySeptNove

FKP 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 4273.2874, compared to 4338.7420 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 65.4546 points.

H1 Avg (Jan–Jun) 4273.2874

H2 Avg (Jul–Dec) 4338.7420

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 314.7664 MNT (High: 4344.2031 / Low: 4029.4367). On the other end, August was the most stable month, with a tight range of 74.9516 MNT (High: 4414.3614 / Low: 4339.4098).

March Spread (Volatile) ±314.7664

August Spread (Stable) ±74.9516

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 138.8343 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -138.8343

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 4520.7140) against the same month in 2022 (average: 3773.7250), the exchange rate shifted by +746.9890 (+19.79%).

2023 Avg (July) 4520.7140

2022 Avg (July) 3773.7250

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4229.6436	4057.3504	4171.5651
February	4220.4325	4068.5963	4110.2692
March	4344.2031	4029.4367	4140.2034
April	4424.9679	4323.5261	4379.7324
May	4447.6632	4334.2456	4390.7047
June	4515.5793	4373.8790	4447.2499
July	4619.8685	4426.9533	4520.7140
August	4414.3614	4339.4098	4381.8797
September	4354.8509	4186.6646	4273.6652
October	4248.7946	4166.5660	4198.8157
November	4386.0039	4202.5201	4287.5377
December	4415.8587	4329.0586	4369.8399