2023 MNT to AFN Historical Review

YEARLY HIGH

0.0267 AFN

YEARLY LOW

0.0199 AFN

YEARLY AVERAGE

0.0239 AFN

2023 MNT to AFN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MNT to AFN exchange rate experienced significant fluctuation. The market reached its absolute peak on February 8, valuing the pair at 0.0267. Conversely, the yearly low was recorded on November 18, dropping to 0.0199.

This high-to-low spread represents a total annual volatility of 0.0068 AFN. From a start-to-finish perspective, comparing the January average rate of 0.0261 to the December average rate of 0.0203, the exchange rate registered a net change of -22.26% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0267 was down 27.73% compared to the 2022 peak of 0.0369, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 133 AFN

2022 Average 145 AFN

Yearly Trough Low 100 AFN

Transaction Impact: A difference of 33.81 AFN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0269

0.0197

JanuMarcMayJulySeptNove

MNT to AFN 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 0.0254, compared to 0.0224 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0029 points.

H1 Avg (Jan–Jun) 0.0254

H2 Avg (Jul–Dec) 0.0224

Volatility Range Comparison

Volatility

The most volatile month in 2023 was September, with a trading range of 0.0024 AFN (High: 0.0236 / Low: 0.0213). On the other end, December was the most stable month, with a tight range of 0.0004 AFN (High: 0.0205 / Low: 0.0201).

September Spread (Volatile) ±0.0024

December Spread (Stable) ±0.0004

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 August and September, when the average rate fell by 0.0019 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.0019

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0263) against the same month in 2022 (average: 0.0326), the exchange rate shifted by -0.0063 (-19.20%).

2023 Avg (February) 0.0263

2022 Avg (February) 0.0326

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0264	0.0257	0.0261
February	0.0267	0.0258	0.0263
March	0.0263	0.0247	0.0257
April	0.0260	0.0242	0.0246
May	0.0252	0.0245	0.0249
June	0.0249	0.0242	0.0246
July	0.0254	0.0243	0.0247
August	0.0251	0.0235	0.0245
September	0.0236	0.0213	0.0226
October	0.0227	0.0213	0.0219
November	0.0216	0.0199	0.0207
December	0.0205	0.0201	0.0203