2023 LKR to MNT Historical Review

YEARLY HIGH

12.1230 MNT

YEARLY LOW

9.2481 MNT

YEARLY AVERAGE

10.5742 MNT

2023 LKR to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LKR to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on June 2, valuing the pair at 12.1230. Conversely, the yearly low was recorded on February 5, dropping to 9.2481.

This high-to-low spread represents a total annual volatility of 2.8748 MNT. From a start-to-finish perspective, comparing the January average rate of 9.3159 to the December average rate of 10.5591, the exchange rate registered a net change of 13.34% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.1230 was down 14.96% compared to the 2022 peak of 14.2561, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 60,615 MNT

2022 Average 50,070 MNT

Yearly Trough Low 46,241 MNT

Transaction Impact: A difference of 14,374.19 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

11.8670

9.0840

JanuMarcMayJulySeptNove

LKR 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 10.4650, compared to 10.6834 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.2184 points.

H1 Avg (Jan–Jun) 10.4650

H2 Avg (Jul–Dec) 10.6834

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 1.3337 MNT (High: 10.6618 / Low: 9.3281). On the other end, November was the most stable month, with a tight range of 0.0965 MNT (High: 10.5726 / Low: 10.4761).

March Spread (Volatile) ±1.3337

November Spread (Stable) ±0.0965

Growth Streaks & Declines

Trends

Between January and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between June and July, when the average rate fell by 0.6345 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.6345

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (June 2023: 11.6350) against the same month in 2022 (average: 8.6683), the exchange rate shifted by +2.9668 (+34.23%).

2023 Avg (June) 11.6350

2022 Avg (June) 8.6683

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	9.3660	9.2625	9.3159
February	9.4133	9.2481	9.3326
March	10.6618	9.3281	10.2113
April	11.1289	10.6618	10.9308
May	11.9711	10.9961	11.3643
June	12.1230	10.9954	11.6350
July	11.4986	10.4674	11.0005
August	10.9370	10.6220	10.7227
September	10.7805	10.5837	10.6752
October	10.6924	10.5202	10.6168
November	10.5726	10.4761	10.5260
December	10.6599	10.4931	10.5591