2023 KWD to MNT Historical Review

YEARLY HIGH

11526.4808 MNT

YEARLY LOW

11084.2479 MNT

YEARLY AVERAGE

11265.0662 MNT

2023 KWD to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the KWD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 11526.4808. Conversely, the yearly low was recorded on March 9, dropping to 11084.2479.

This high-to-low spread represents a total annual volatility of 442.2329 MNT. From a start-to-finish perspective, comparing the January average rate of 11150.0248 to the December average rate of 11205.6670, the exchange rate registered a net change of 0.50% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 11526.4808 was up 3.34% compared to the 2022 peak of 11154.4691, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 57,632,404 MNT

2022 Average 50,978,439 MNT

Yearly Trough Low 55,421,239 MNT

Transaction Impact: A difference of 2,211,164.55 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11521.0005

11090.0874

JanuMarcMayJulySeptNove

KWD 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 11302.2288, compared to 11227.9036 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 74.3252 points.

H1 Avg (Jan–Jun) 11302.2288

H2 Avg (Jul–Dec) 11227.9036

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 390.8145 MNT (High: 11475.0624 / Low: 11084.2479). On the other end, August was the most stable month, with a tight range of 46.7316 MNT (High: 11220.2055 / Low: 11173.4738).

March Spread (Volatile) ±390.8145

August Spread (Stable) ±46.7316

Growth Streaks & Declines

Trends

Between October and December, 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 239.9375 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -239.9375

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 11485.0911) against the same month in 2022 (average: 9757.9010), the exchange rate shifted by +1727.1901 (+17.70%).

2023 Avg (April) 11485.0911

2022 Avg (April) 9757.9010

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	11186.2587	11107.7738	11150.0248
February	11199.1285	11093.8847	11132.0693
March	11475.0624	11084.2479	11125.9969
April	11526.4808	11434.1602	11485.0911
May	11502.0674	11434.3459	11465.9872
June	11489.8994	11436.0924	11454.2036
July	11512.3777	11233.1747	11442.9653
August	11220.2055	11173.4738	11203.0278
September	11201.6988	11153.7504	11174.7642
October	11174.8491	11101.0290	11155.9683
November	11214.6981	11162.7365	11185.0287
December	11241.7031	11166.8555	11205.6670