2023 IQD to MNT Historical Review

YEARLY HIGH

2.7073 MNT

YEARLY LOW

2.3128 MNT

YEARLY AVERAGE

2.5540 MNT

2023 IQD to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IQD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 8, valuing the pair at 2.7073. Conversely, the yearly low was recorded on February 5, dropping to 2.3128.

This high-to-low spread represents a total annual volatility of 0.3944 MNT. From a start-to-finish perspective, comparing the January average rate of 2.3340 to the December average rate of 2.6322, the exchange rate registered a net change of 12.78% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7073 was up 15.06% compared to the 2022 peak of 2.3530, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,536 MNT

2022 Average 10,702 MNT

Yearly Trough Low 11,564 MNT

Transaction Impact: A difference of 1,972.17 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7223

2.2986

JanuMarcMayJulySeptNove

IQD 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 2.4652, compared to 2.6428 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1776 points.

H1 Avg (Jan–Jun) 2.4652

H2 Avg (Jul–Dec) 2.6428

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.2861 MNT (High: 2.6947 / Low: 2.4086). On the other end, January was the most stable month, with a tight range of 0.0101 MNT (High: 2.3422 / Low: 2.3321).

May Spread (Volatile) ±0.2861

January Spread (Stable) ±0.0101

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 0.0481 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0481

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2.6823) against the same month in 2022 (average: 2.1544), the exchange rate shifted by +0.5279 (+24.51%).

2023 Avg (July) 2.6823

2022 Avg (July) 2.1544

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.3422	2.3321	2.3340
February	2.3554	2.3128	2.3339
March	2.4103	2.3319	2.3399
April	2.6741	2.4086	2.4270
May	2.6947	2.4086	2.6693
June	2.7030	2.6782	2.6870
July	2.7073	2.6326	2.6823
August	2.6534	2.6135	2.6342
September	2.6439	2.6287	2.6345
October	2.6453	2.6297	2.6353
November	2.6553	2.6320	2.6381
December	2.6358	2.6194	2.6322