2023 MNT to BIF Historical Review

YEARLY HIGH

0.8291 BIF

YEARLY LOW

0.5857 BIF

YEARLY AVERAGE

0.7351 BIF

2023 MNT to BIF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MNT to BIF exchange rate experienced significant fluctuation. The market reached its absolute peak on December 17, valuing the pair at 0.8291. Conversely, the yearly low was recorded on April 30, dropping to 0.5857.

This high-to-low spread represents a total annual volatility of 0.2434 BIF. From a start-to-finish perspective, comparing the January average rate of 0.6073 to the December average rate of 0.8263, the exchange rate registered a net change of 36.07% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.8291 was up 16.42% compared to the 2022 peak of 0.7122, 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 4,146 BIF

2022 Average 3,279 BIF

Yearly Trough Low 2,929 BIF

Transaction Impact: A difference of 1,217.01 BIF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.8498

0.5673

JanuMarcMayJulySeptNove

MNT to BIF 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 0.6499, compared to 0.8203 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1704 points.

H1 Avg (Jan–Jun) 0.6499

H2 Avg (Jul–Dec) 0.8203

Volatility Range Comparison

Volatility

The most volatile month in 2023 was May, with a trading range of 0.2122 BIF (High: 0.8029 / Low: 0.5907). On the other end, January was the most stable month, with a tight range of 0.0039 BIF (High: 0.6088 / Low: 0.6049).

May Spread (Volatile) ±0.2122

January Spread (Stable) ±0.0039

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0179 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0179

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.8263) against the same month in 2022 (average: 0.6067), the exchange rate shifted by +0.2196 (+36.19%).

2023 Avg (December) 0.8263

2022 Avg (December) 0.6067

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.6088	0.6049	0.6073
February	0.6134	0.6058	0.6085
March	0.6110	0.5925	0.6088
April	0.5925	0.5857	0.5909
May	0.8029	0.5907	0.6799
June	0.8076	0.7999	0.8040
July	0.8217	0.7982	0.8061
August	0.8241	0.8181	0.8215
September	0.8249	0.8185	0.8220
October	0.8255	0.8184	0.8227
November	0.8261	0.8165	0.8231
December	0.8291	0.8246	0.8263