2023 IRR to MNT Historical Review

YEARLY HIGH

0.0838 MNT

YEARLY LOW

0.0804 MNT

YEARLY AVERAGE

0.0820 MNT

2023 IRR to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the IRR to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 0.0838. Conversely, the yearly low was recorded on February 23, dropping to 0.0804.

This high-to-low spread represents a total annual volatility of 0.0033 MNT. From a start-to-finish perspective, comparing the January average rate of 0.0812 to the December average rate of 0.0817, the exchange rate registered a net change of 0.56% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0838 was up 1.67% compared to the 2022 peak of 0.0824, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 419 MNT

2022 Average 370 MNT

Yearly Trough Low 402 MNT

Transaction Impact: A difference of 16.60 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0835

0.0804

JanuMarcMayJulySeptNove

IRR 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 0.0821, compared to 0.0819 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0821

H2 Avg (Jul–Dec) 0.0819

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0027 MNT (High: 0.0832 / Low: 0.0806). On the other end, October was the most stable month, with a tight range of 0.0000 MNT (High: 0.0817 / Low: 0.0816).

March Spread (Volatile) ±0.0027

October Spread (Stable) ±0.0000

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 0.0015 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0015

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 0.0831) against the same month in 2022 (average: 0.0742), the exchange rate shifted by +0.0089 (+11.98%).

2023 Avg (July) 0.0831

2022 Avg (July) 0.0742

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0818	0.0807	0.0812
February	0.0818	0.0804	0.0807
March	0.0832	0.0806	0.0809
April	0.0833	0.0832	0.0833
May	0.0833	0.0831	0.0832
June	0.0833	0.0831	0.0832
July	0.0838	0.0815	0.0831
August	0.0817	0.0815	0.0816
September	0.0817	0.0816	0.0817
October	0.0817	0.0816	0.0817
November	0.0817	0.0816	0.0816
December	0.0821	0.0816	0.0817