2023 MNT to GNF Historical Review

YEARLY HIGH

2.5829 GNF

YEARLY LOW

2.4176 GNF

YEARLY AVERAGE

2.4901 GNF

2023 MNT to GNF Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MNT to GNF exchange rate experienced significant fluctuation. The market reached its absolute peak on January 27, valuing the pair at 2.5829. Conversely, the yearly low was recorded on April 30, dropping to 2.4176.

This high-to-low spread represents a total annual volatility of 0.1653 GNF. From a start-to-finish perspective, comparing the January average rate of 2.5438 to the December average rate of 2.4933, the exchange rate registered a net change of -1.98% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2.5829 was down 20.87% compared to the 2022 peak of 3.2641, 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 12,915 GNF

2022 Average 14,160 GNF

Yearly Trough Low 12,088 GNF

Transaction Impact: A difference of 826.56 GNF purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2.5538

2.4340

JanuMarcMayJulySeptNove

MNT to GNF 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 2.4933, compared to 2.4869 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0064 points.

H1 Avg (Jan–Jun) 2.4933

H2 Avg (Jul–Dec) 2.4869

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.1249 GNF (High: 2.5829 / Low: 2.4581). On the other end, May was the most stable month, with a tight range of 0.0198 GNF (High: 2.4595 / Low: 2.4397).

March Spread (Volatile) ±0.1249

May Spread (Stable) ±0.0198

Growth Streaks & Declines

Trends

Between April and August, 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 March and April, when the average rate fell by 0.0885 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0885

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 2.5438) against the same month in 2022 (average: 3.1801), the exchange rate shifted by -0.6363 (-20.01%).

2023 Avg (January) 2.5438

2022 Avg (January) 3.1801

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.5829	2.5204	2.5438
February	2.5829	2.5046	2.5375
March	2.5829	2.4581	2.5325
April	2.4595	2.4176	2.4439
May	2.4595	2.4397	2.4509
June	2.4598	2.4341	2.4511
July	2.5072	2.4277	2.4522
August	2.5087	2.4884	2.4960
September	2.5087	2.4802	2.4941
October	2.5087	2.4777	2.4929
November	2.5072	2.4769	2.4926
December	2.5032	2.4812	2.4933