2023 HKD to MNT Historical Review

YEARLY HIGH

451.0700 MNT

YEARLY LOW

434.0055 MNT

YEARLY AVERAGE

442.1661 MNT

2023 HKD to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HKD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 26, valuing the pair at 451.0700. Conversely, the yearly low was recorded on March 18, dropping to 434.0055.

This high-to-low spread represents a total annual volatility of 17.0644 MNT. From a start-to-finish perspective, comparing the January average rate of 435.6617 to the December average rate of 441.7679, the exchange rate registered a net change of 1.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 451.0700 was up 2.86% compared to the 2022 peak of 438.5192, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 HKD based on timing:

Yearly Peak High 11,276,750 MNT

2022 Average 9,973,994 MNT

Yearly Trough Low 10,850,139 MNT

Transaction Impact: A difference of 426,611.09 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

450.8033

432.6654

JanuMarcMayJulySeptNove

HKD 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 441.8322, compared to 442.5000 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.6679 points.

H1 Avg (Jan–Jun) 441.8322

H2 Avg (Jul–Dec) 442.5000

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 14.2776 MNT (High: 448.2831 / Low: 434.0055). On the other end, April was the most stable month, with a tight range of 0.1698 MNT (High: 448.4530 / Low: 448.2831).

March Spread (Volatile) ±14.2776

April Spread (Stable) ±0.1698

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 July and August, when the average rate fell by 8.2010 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -8.2010

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 449.0064) against the same month in 2022 (average: 400.3047), the exchange rate shifted by +48.7017 (+12.17%).

2023 Avg (July) 449.0064

2022 Avg (July) 400.3047

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	436.6443	434.5647	435.6617
February	434.8842	434.0111	434.1769
March	448.2831	434.0055	434.5288
April	448.4530	448.2831	448.3100
May	450.2159	448.2831	449.0236
June	450.1468	448.6619	449.2918
July	451.0700	442.3162	449.0064
August	442.6379	439.6613	440.8055
September	441.3619	439.8238	440.6058
October	441.3038	440.4640	440.8793
November	442.9181	440.8636	441.9352
December	442.5425	441.2353	441.7679