2023 GNF to MNT Historical Review

YEARLY HIGH

0.4136 MNT

YEARLY LOW

0.3872 MNT

YEARLY AVERAGE

0.4017 MNT

2023 GNF to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GNF to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 0.4136. Conversely, the yearly low was recorded on March 4, dropping to 0.3872.

This high-to-low spread represents a total annual volatility of 0.0265 MNT. From a start-to-finish perspective, comparing the January average rate of 0.3931 to the December average rate of 0.4011, the exchange rate registered a net change of 2.02% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.4136 was up 3.76% compared to the 2022 peak of 0.3986, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,068 MNT

2022 Average 1,776 MNT

Yearly Trough Low 1,936 MNT

Transaction Impact: A difference of 132.36 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.4108

0.3915

JanuMarcMayJulySeptNove

GNF 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 0.4012, compared to 0.4021 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0009 points.

H1 Avg (Jan–Jun) 0.4012

H2 Avg (Jul–Dec) 0.4021

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0197 MNT (High: 0.4068 / Low: 0.3872). On the other end, August was the most stable month, with a tight range of 0.0032 MNT (High: 0.4019 / Low: 0.3986).

March Spread (Volatile) ±0.0197

August Spread (Stable) ±0.0032

Growth Streaks & Declines

Trends

Between January and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0072 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0072

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 0.4092) against the same month in 2022 (average: 0.3349), the exchange rate shifted by +0.0743 (+22.19%).

2023 Avg (April) 0.4092

2022 Avg (April) 0.3349

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3968	0.3872	0.3931
February	0.3993	0.3872	0.3941
March	0.4068	0.3872	0.3949
April	0.4136	0.4066	0.4092
May	0.4099	0.4066	0.4080
June	0.4108	0.4065	0.4080
July	0.4119	0.3988	0.4078
August	0.4019	0.3986	0.4007
September	0.4032	0.3986	0.4009
October	0.4036	0.3986	0.4011
November	0.4037	0.3988	0.4012
December	0.4030	0.3995	0.4011