2023 JMD to MNT Historical Review

YEARLY HIGH

23.3821 MNT

YEARLY LOW

21.8484 MNT

YEARLY AVERAGE

22.4712 MNT

2023 JMD to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the JMD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on April 3, valuing the pair at 23.3821. Conversely, the yearly low was recorded on February 5, dropping to 21.8484.

This high-to-low spread represents a total annual volatility of 1.5337 MNT. From a start-to-finish perspective, comparing the January average rate of 22.2865 to the December average rate of 22.2127, the exchange rate registered a net change of -0.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 23.3821 was up 4.12% compared to the 2022 peak of 22.4568, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 116,911 MNT

2022 Average 101,858 MNT

Yearly Trough Low 109,242 MNT

Transaction Impact: A difference of 7,668.53 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

23.2349

21.9840

JanuMarcMayJulySeptNove

JMD 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 22.5955, compared to 22.3469 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.2486 points.

H1 Avg (Jan–Jun) 22.5955

H2 Avg (Jul–Dec) 22.3469

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 1.2401 MNT (High: 23.3600 / Low: 22.1199). On the other end, September was the most stable month, with a tight range of 0.1731 MNT (High: 22.3839 / Low: 22.2108).

March Spread (Volatile) ±1.2401

September Spread (Stable) ±0.1731

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 0.4422 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.4422

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 23.1307) against the same month in 2022 (average: 19.2738), the exchange rate shifted by +3.8568 (+20.01%).

2023 Avg (April) 23.1307

2022 Avg (April) 19.2738

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.5610	22.0984	22.2865
February	22.2319	21.8484	22.0883
March	23.3600	22.1199	22.4538
April	23.3821	22.9133	23.1307
May	23.0265	22.6598	22.8357
June	22.9442	22.6665	22.7783
July	22.9925	22.3006	22.7556
August	22.4805	22.1561	22.3135
September	22.3839	22.2108	22.3245
October	22.3497	22.1456	22.2651
November	22.4418	22.0300	22.2102
December	22.3289	22.0517	22.2127