2023 HTG to MNT Historical Review

YEARLY HIGH

26.1792 MNT

YEARLY LOW

21.9155 MNT

YEARLY AVERAGE

24.5211 MNT

2023 HTG to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the HTG to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on November 5, valuing the pair at 26.1792. Conversely, the yearly low was recorded on March 29, dropping to 21.9155.

This high-to-low spread represents a total annual volatility of 4.2637 MNT. From a start-to-finish perspective, comparing the January average rate of 22.9519 to the December average rate of 26.0913, the exchange rate registered a net change of 13.68% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 26.1792 was down 9.63% compared to the 2022 peak of 28.9675, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 130,896 MNT

2022 Average 133,692 MNT

Yearly Trough Low 109,578 MNT

Transaction Impact: A difference of 21,318.50 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

26.4796

21.8209

JanuMarcMayJulySeptNove

HTG 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 23.3383, compared to 25.7039 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.3656 points.

H1 Avg (Jan–Jun) 23.3383

H2 Avg (Jul–Dec) 25.7039

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 2.4094 MNT (High: 25.1460 / Low: 22.7366). On the other end, December was the most stable month, with a tight range of 0.1899 MNT (High: 26.1595 / Low: 25.9696).

May Spread (Volatile) ±2.4094

December Spread (Stable) ±0.1899

Growth Streaks & Declines

Trends

Between March and July, 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 February and March, when the average rate fell by 0.4764 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.4764

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 26.0375) against the same month in 2022 (average: 25.1635), the exchange rate shifted by +0.8740 (+3.47%).

2023 Avg (November) 26.0375

2022 Avg (November) 25.1635

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	23.0916	22.7891	22.9519
February	22.8621	22.4844	22.6855
March	22.7525	21.9155	22.2092
April	23.1559	22.5476	22.6963
May	25.1460	22.7366	24.2199
June	25.5661	24.9515	25.2669
July	25.7970	25.0749	25.4906
August	25.4686	25.1949	25.3471
September	25.6500	25.2936	25.5033
October	26.0010	25.4058	25.7535
November	26.1792	25.9713	26.0375
December	26.1595	25.9696	26.0913