2023 GTQ to MNT Historical Review

YEARLY HIGH

456.8789 MNT

YEARLY LOW

430.0105 MNT

YEARLY AVERAGE

442.1537 MNT

2023 GTQ to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the GTQ to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 456.8789. Conversely, the yearly low was recorded on February 5, dropping to 430.0105.

This high-to-low spread represents a total annual volatility of 26.8684 MNT. From a start-to-finish perspective, comparing the January average rate of 434.1086 to the December average rate of 440.4876, the exchange rate registered a net change of 1.47% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 456.8789 was up 4.04% compared to the 2022 peak of 439.1489, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,284,394 MNT

2022 Average 2,014,792 MNT

Yearly Trough Low 2,150,053 MNT

Transaction Impact: A difference of 134,341.80 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

453.4745

432.3481

JanuMarcMayJulySeptNove

GTQ 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 443.1253, compared to 441.1822 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 1.9430 points.

H1 Avg (Jan–Jun) 443.1253

H2 Avg (Jul–Dec) 441.1822

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 16.1228 MNT (High: 452.1591 / Low: 436.0363). On the other end, January was the most stable month, with a tight range of 1.7503 MNT (High: 435.4745 / Low: 433.7242).

March Spread (Volatile) ±16.1228

January Spread (Stable) ±1.7503

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 8.7020 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -8.7020

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 451.7139) against the same month in 2022 (average: 387.9883), the exchange rate shifted by +63.7257 (+16.42%).

2023 Avg (April) 451.7139

2022 Avg (April) 387.9883

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	435.4745	433.7242	434.1086
February	437.8663	430.0105	434.9927
March	452.1591	436.0363	437.7517
April	456.8789	450.4890	451.7139
May	452.5759	449.4317	450.9888
June	451.6140	447.7115	449.1957
July	452.9837	438.9626	447.8205
August	441.9313	436.9734	439.1185
September	439.9472	437.4304	438.5320
October	441.7175	437.9833	440.0889
November	443.7013	439.8377	441.0458
December	441.6330	438.7754	440.4876