2023 HUF to MNT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2023.
2023 HUF to MNT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2023
During 2023, the HUF to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 10.5763. Conversely, the yearly low was recorded on January 3, dropping to 8.9768.
This high-to-low spread represents a total annual volatility of 1.5995 MNT. From a start-to-finish perspective, comparing the January average rate of 9.3100 to the December average rate of 9.8703, the exchange rate registered a net change of 6.02% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2023 high of 10.5763 was up 14.13% compared to the 2022 peak of 9.2668, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 HUF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2023.
HUF to MNT Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 9.8524, compared to 9.7849 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0676 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2023 was March, with a trading range of 0.9524 MNT (High: 10.0485 / Low: 9.0961). On the other end, June was the most stable month, with a tight range of 0.2886 MNT (High: 10.4595 / Low: 10.1709).
Growth Streaks & Declines
TrendsBetween 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 0.4607 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (July 2023: 10.2354) against the same month in 2022 (average: 7.9564), the exchange rate shifted by +2.2790 (+28.64%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 9.6118 | 8.9768 | 9.3100 |
| February | 9.6846 | 9.2622 | 9.4809 |
| March | 10.0485 | 9.0961 | 9.4863 |
| April | 10.4023 | 9.9843 | 10.2741 |
| May | 10.4540 | 10.0938 | 10.2682 |
| June | 10.4595 | 10.1709 | 10.2950 |
| July | 10.5763 | 9.7945 | 10.2354 |
| August | 9.9328 | 9.6063 | 9.7747 |
| September | 9.7374 | 9.2317 | 9.5281 |
| October | 9.6429 | 9.2667 | 9.4538 |
| November | 10.0597 | 9.5234 | 9.8469 |
| December | 10.0230 | 9.6921 | 9.8703 |