2023 KES to MNT Historical Review

YEARLY HIGH

27.6066 MNT

YEARLY LOW

21.9330 MNT

YEARLY AVERAGE

24.8729 MNT

2023 KES to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KES to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 2, valuing the pair at 27.6066. Conversely, the yearly low was recorded on December 30, dropping to 21.9330.

This high-to-low spread represents a total annual volatility of 5.6736 MNT. From a start-to-finish perspective, comparing the January average rate of 27.4864 to the December average rate of 22.3376, the exchange rate registered a net change of -18.73% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 27.6066 was down 2.01% compared to the 2022 peak of 28.1720, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 138,033 MNT

2022 Average 132,326 MNT

Yearly Trough Low 109,665 MNT

Transaction Impact: A difference of 28,367.99 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

28.0013

21.8227

JanuMarcMayJulySeptNove

KES 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 26.3301, compared to 23.4158 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.9143 points.

H1 Avg (Jan–Jun) 26.3301

H2 Avg (Jul–Dec) 23.4158

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 1.2158 MNT (High: 25.4433 / Low: 24.2275). On the other end, January was the most stable month, with a tight range of 0.2341 MNT (High: 27.6066 / Low: 27.3725).

July Spread (Volatile) ±1.2158

January Spread (Stable) ±0.2341

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.8234 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.8234

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 27.4864) against the same month in 2022 (average: 25.2250), the exchange rate shifted by +2.2614 (+8.96%).

2023 Avg (January) 27.4864

2022 Avg (January) 25.2250

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	27.6066	27.3725	27.4864
February	27.3576	26.8054	27.1176
March	26.7859	25.9262	26.3252
April	26.5585	25.8660	26.1915
May	26.0331	25.3805	25.6477
June	25.5891	24.9912	25.2120
July	25.4433	24.2275	24.8242
August	24.2548	23.7276	24.0008
September	23.7738	23.2794	23.5068
October	23.4584	22.9084	23.1156
November	23.0641	22.5343	22.7095
December	22.6463	21.9330	22.3376