2023 LRD to MNT Historical Review

YEARLY HIGH

22.1554 MNT

YEARLY LOW

18.3048 MNT

YEARLY AVERAGE

19.9336 MNT

2023 LRD to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the LRD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 22, valuing the pair at 22.1554. Conversely, the yearly low was recorded on December 31, dropping to 18.3048.

This high-to-low spread represents a total annual volatility of 3.8506 MNT. From a start-to-finish perspective, comparing the January average rate of 21.9281 to the December average rate of 18.3287, the exchange rate registered a net change of -16.41% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 22.1554 was down 0.13% compared to the 2022 peak of 22.1844, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 110,777 MNT

2022 Average 102,170 MNT

Yearly Trough Low 91,524 MNT

Transaction Impact: A difference of 19,252.90 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

22.2881

17.9687

JanuMarcMayJulySeptNove

LRD 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 21.3173, compared to 18.5498 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 2.7674 points.

H1 Avg (Jan–Jun) 21.3173

H2 Avg (Jul–Dec) 18.5498

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 1.2680 MNT (High: 20.8071 / Low: 19.5391). On the other end, November was the most stable month, with a tight range of 0.0611 MNT (High: 18.4000 / Low: 18.3389).

June Spread (Volatile) ±1.2680

November Spread (Stable) ±0.0611

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 June and July, when the average rate fell by 1.0513 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -1.0513

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 21.9281) against the same month in 2022 (average: 19.1499), the exchange rate shifted by +2.7783 (+14.51%).

2023 Avg (January) 21.9281

2022 Avg (January) 19.1499

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.1554	21.7350	21.9281
February	22.1554	21.4275	21.7771
March	22.1554	20.9982	21.3905
April	21.6888	21.2950	21.5737
May	21.2789	20.8071	21.0745
June	20.8071	19.5391	20.1596
July	19.5391	18.5086	19.1082
August	18.5488	18.4788	18.5176
September	18.5488	18.4838	18.5139
October	18.4937	18.4000	18.4608
November	18.4000	18.3389	18.3700
December	18.3951	18.3048	18.3287