2023 MAD to MNT Historical Review

YEARLY HIGH

366.2830 MNT

YEARLY LOW

323.9632 MNT

YEARLY AVERAGE

342.0897 MNT

2023 MAD to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MAD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 366.2830. Conversely, the yearly low was recorded on January 3, dropping to 323.9632.

This high-to-low spread represents a total annual volatility of 42.3198 MNT. From a start-to-finish perspective, comparing the January average rate of 332.9941 to the December average rate of 343.6201, the exchange rate registered a net change of 3.19% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 366.2830 was up 12.23% compared to the 2022 peak of 326.3767, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 1,831,415 MNT

2022 Average 1,537,268 MNT

Yearly Trough Low 1,619,816 MNT

Transaction Impact: A difference of 211,598.88 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

363.4956

327.2245

JanuMarcMayJulySeptNove

MAD 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 339.9759, compared to 344.2035 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 4.2276 points.

H1 Avg (Jan–Jun) 339.9759

H2 Avg (Jul–Dec) 344.2035

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 18.5447 MNT (High: 344.1901 / Low: 325.6455). On the other end, September was the most stable month, with a tight range of 5.5987 MNT (High: 339.7796 / Low: 334.1809).

March Spread (Volatile) ±18.5447

September Spread (Stable) ±5.5987

Growth Streaks & Declines

Trends

Between March and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 11.9606 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -11.9606

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 360.4730) against the same month in 2022 (average: 307.1122), the exchange rate shifted by +53.3608 (+17.38%).

2023 Avg (July) 360.4730

2022 Avg (July) 307.1122

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	338.8133	323.9632	332.9941
February	335.9843	326.9462	330.7595
March	344.1901	325.6455	330.2471
April	355.3190	344.0976	347.4291
May	352.9648	343.6151	348.2056
June	355.5623	344.9406	350.2198
July	366.2830	349.9658	360.4730
August	357.0791	339.1168	348.5124
September	339.7796	334.1809	337.1900
October	338.6189	332.7736	335.8416
November	343.6404	334.9798	339.5840
December	350.4670	338.6821	343.6201