2023 MNT to ETB Historical Review

YEARLY HIGH

0.0164 ETB

YEARLY LOW

0.0152 ETB

YEARLY AVERAGE

0.0158 ETB

2023 MNT to ETB Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MNT to ETB exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.0164. Conversely, the yearly low was recorded on April 30, dropping to 0.0152.

This high-to-low spread represents a total annual volatility of 0.0011 ETB. From a start-to-finish perspective, comparing the January average rate of 0.0157 to the December average rate of 0.0163, the exchange rate registered a net change of 3.40% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0164 was down 8.83% compared to the 2022 peak of 0.0179, 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 82 ETB

2022 Average 83 ETB

Yearly Trough Low 76 ETB

Transaction Impact: A difference of 5.63 ETB purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0164

0.0153

JanuMarcMayJulySeptNove

MNT to ETB 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 0.0156, compared to 0.0160 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0004 points.

H1 Avg (Jan–Jun) 0.0156

H2 Avg (Jul–Dec) 0.0160

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0005 ETB (High: 0.0158 / Low: 0.0153). On the other end, September was the most stable month, with a tight range of 0.0001 ETB (High: 0.0160 / Low: 0.0160).

March Spread (Volatile) ±0.0005

September Spread (Stable) ±0.0001

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 0.0004 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0004

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0163) against the same month in 2022 (average: 0.0157), the exchange rate shifted by +0.0006 (+3.59%).

2023 Avg (December) 0.0163

2022 Avg (December) 0.0157

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0158	0.0157	0.0157
February	0.0159	0.0157	0.0158
March	0.0158	0.0153	0.0158
April	0.0155	0.0152	0.0154
May	0.0155	0.0154	0.0155
June	0.0156	0.0154	0.0155
July	0.0159	0.0155	0.0156
August	0.0160	0.0159	0.0160
September	0.0160	0.0160	0.0160
October	0.0162	0.0160	0.0161
November	0.0163	0.0160	0.0162
December	0.0164	0.0161	0.0163