2023 GHS to MNT Historical Review

YEARLY HIGH

408.1538 MNT

YEARLY LOW

264.1574 MNT

YEARLY AVERAGE

296.8452 MNT

2023 GHS to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GHS to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 408.1538. Conversely, the yearly low was recorded on February 23, dropping to 264.1574.

This high-to-low spread represents a total annual volatility of 143.9964 MNT. From a start-to-finish perspective, comparing the January average rate of 300.4652 to the December average rate of 286.9861, the exchange rate registered a net change of -4.49% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 408.1538 was down 12.25% compared to the 2022 peak of 465.1500, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,040,769 MNT

2022 Average 1,823,564 MNT

Yearly Trough Low 1,320,787 MNT

Transaction Impact: A difference of 719,981.99 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

314.5343

269.2169

JanuMarcMayJulySeptNove

GHS 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 296.4973, compared to 297.1931 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6957 points.

H1 Avg (Jan–Jun) 296.4973

H2 Avg (Jul–Dec) 297.1931

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 135.5966 MNT (High: 408.1538 / Low: 272.5572). On the other end, December was the most stable month, with a tight range of 3.1443 MNT (High: 288.3287 / Low: 285.1844).

January Spread (Volatile) ±135.5966

December Spread (Stable) ±3.1443

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between January and February, when the average rate fell by 27.4719 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -27.4719

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 300.4652) against the same month in 2022 (average: 460.1762), the exchange rate shifted by -159.7110 (-34.71%).

2023 Avg (January) 300.4652

2022 Avg (January) 460.1762

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	408.1538	272.5572	300.4652
February	280.1815	264.1574	272.9933
March	302.0601	266.3892	276.7098
April	327.1757	292.2130	308.0008
May	330.6790	297.0135	310.0569
June	315.9596	305.8413	310.7579
July	311.7823	302.6786	307.6957
August	308.9363	301.6380	305.9282
September	302.4387	296.9143	300.3063
October	297.4397	289.9631	293.3609
November	291.0936	287.4138	288.8811
December	288.3287	285.1844	286.9861