2023 MNT to CVE Historical Review

YEARLY HIGH

0.0308 CVE

YEARLY LOW

0.0278 CVE

YEARLY AVERAGE

0.0295 CVE

2023 MNT to CVE Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MNT to CVE exchange rate experienced significant fluctuation. The market reached its absolute peak on January 5, valuing the pair at 0.0308. Conversely, the yearly low was recorded on July 18, dropping to 0.0278.

This high-to-low spread represents a total annual volatility of 0.0029 CVE. From a start-to-finish perspective, comparing the January average rate of 0.0301 to the December average rate of 0.0293, the exchange rate registered a net change of -2.51% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0308 was down 13.49% compared to the 2022 peak of 0.0356, 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 154 CVE

2022 Average 168 CVE

Yearly Trough Low 139 CVE

Transaction Impact: A difference of 14.68 CVE purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0305

0.0283

JanuMarcMayJulySeptNove

MNT to CVE 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 0.0295, compared to 0.0295 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0000 points.

H1 Avg (Jan–Jun) 0.0295

H2 Avg (Jul–Dec) 0.0295

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0018 CVE (High: 0.0307 / Low: 0.0289). On the other end, October was the most stable month, with a tight range of 0.0005 CVE (High: 0.0306 / Low: 0.0301).

March Spread (Volatile) ±0.0018

October Spread (Stable) ±0.0005

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0016 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0016

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 0.0301) against the same month in 2022 (average: 0.0342), the exchange rate shifted by -0.0041 (-11.93%).

2023 Avg (January) 0.0301

2022 Avg (January) 0.0342

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0308	0.0298	0.0301
February	0.0306	0.0296	0.0303
March	0.0307	0.0289	0.0302
April	0.0289	0.0282	0.0286
May	0.0294	0.0285	0.0289
June	0.0298	0.0286	0.0290
July	0.0291	0.0278	0.0284
August	0.0296	0.0290	0.0293
September	0.0304	0.0295	0.0299
October	0.0306	0.0301	0.0303
November	0.0304	0.0291	0.0296
December	0.0300	0.0289	0.0293