2023 INR to MNT Historical Review

YEARLY HIGH

43.0823 MNT

YEARLY LOW

41.0807 MNT

YEARLY AVERAGE

41.9279 MNT

2023 INR to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the INR to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on April 13, valuing the pair at 43.0823. Conversely, the yearly low was recorded on February 24, dropping to 41.0807.

This high-to-low spread represents a total annual volatility of 2.0016 MNT. From a start-to-finish perspective, comparing the January average rate of 41.6896 to the December average rate of 41.4447, the exchange rate registered a net change of -0.59% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 43.0823 was up 1.77% compared to the 2022 peak of 42.3314, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 INR based on timing:

Yearly Peak High 10,770,564 MNT

2022 Average 9,928,543 MNT

Yearly Trough Low 10,270,172 MNT

Transaction Impact: A difference of 500,392.36 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

43.1105

41.0607

JanuMarcMayJulySeptNove

INR 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 42.1510, compared to 41.7048 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4461 points.

H1 Avg (Jan–Jun) 42.1510

H2 Avg (Jul–Dec) 41.7048

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 1.6316 MNT (High: 42.8203 / Low: 41.1887). On the other end, November was the most stable month, with a tight range of 0.1789 MNT (High: 41.5546 / Low: 41.3757).

March Spread (Volatile) ±1.6316

November Spread (Stable) ±0.1789

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 1.0590 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -1.0590

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 42.9396) against the same month in 2022 (average: 39.0937), the exchange rate shifted by +3.8460 (+9.84%).

2023 Avg (April) 42.9396

2022 Avg (April) 39.0937

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	42.0748	41.1572	41.6896
February	41.6955	41.0807	41.2315
March	42.8203	41.1887	41.4721
April	43.0823	42.7369	42.9396
May	43.0636	42.4462	42.7485
June	42.9635	42.5934	42.8244
July	43.0119	41.9369	42.7064
August	41.9189	41.4255	41.6475
September	41.7050	41.4166	41.5434
October	41.5580	41.3587	41.4538
November	41.5546	41.3757	41.4332
December	41.6209	41.3489	41.4447