2023 KRW to MNT Historical Review

YEARLY HIGH

2.7874 MNT

YEARLY LOW

2.5366 MNT

YEARLY AVERAGE

2.6517 MNT

2023 KRW to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KRW to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on February 1, valuing the pair at 2.7874. Conversely, the yearly low was recorded on October 3, dropping to 2.5366.

This high-to-low spread represents a total annual volatility of 0.2508 MNT. From a start-to-finish perspective, comparing the January average rate of 2.7422 to the December average rate of 2.6511, the exchange rate registered a net change of -3.33% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.7874 was up 3.14% compared to the 2022 peak of 2.7025, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,936,983 MNT

2022 Average 12,097,766 MNT

Yearly Trough Low 12,683,217 MNT

Transaction Impact: A difference of 1,253,766.00 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.7610

2.5363

JanuMarcMayJulySeptNove

KRW 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 2.6748, compared to 2.6286 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0461 points.

H1 Avg (Jan–Jun) 2.6748

H2 Avg (Jul–Dec) 2.6286

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.2103 MNT (High: 2.7874 / Low: 2.5771). On the other end, October was the most stable month, with a tight range of 0.0402 MNT (High: 2.5768 / Low: 2.5366).

February Spread (Volatile) ±0.2103

October Spread (Stable) ±0.0402

Growth Streaks & Declines

Trends

Between May and July, 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 0.1251 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.1251

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 2.6633) against the same month in 2022 (average: 2.3910), the exchange rate shifted by +0.2723 (+11.39%).

2023 Avg (February) 2.6633

2022 Avg (February) 2.3910

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.7698	2.6629	2.7422
February	2.7874	2.5771	2.6633
March	2.6935	2.5695	2.6134
April	2.7032	2.6235	2.6630
May	2.6777	2.6200	2.6501
June	2.7754	2.6591	2.7166
July	2.7812	2.6734	2.7319
August	2.6757	2.5676	2.6068
September	2.6167	2.5474	2.5865
October	2.5768	2.5366	2.5550
November	2.6784	2.5588	2.6406
December	2.6826	2.6183	2.6511