2023 MNT to INR Historical Review

YEARLY HIGH

0.0243 INR

YEARLY LOW

0.0232 INR

YEARLY AVERAGE

0.0239 INR

2023 MNT to INR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MNT to INR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 24, valuing the pair at 0.0243. Conversely, the yearly low was recorded on April 13, dropping to 0.0232.

This high-to-low spread represents a total annual volatility of 0.0011 INR. From a start-to-finish perspective, comparing the January average rate of 0.0240 to the December average rate of 0.0241, the exchange rate registered a net change of 0.59% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0243 was down 9.30% compared to the 2022 peak of 0.0268, 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 122 INR

2022 Average 126 INR

Yearly Trough Low 116 INR

Transaction Impact: A difference of 5.65 INR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0244

0.0232

JanuMarcMayJulySeptNove

MNT to INR 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 0.0237, compared to 0.0240 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0002 points.

H1 Avg (Jan–Jun) 0.0237

H2 Avg (Jul–Dec) 0.0240

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0009 INR (High: 0.0243 / Low: 0.0234). On the other end, November was the most stable month, with a tight range of 0.0001 INR (High: 0.0242 / Low: 0.0241).

March Spread (Volatile) ±0.0009

November Spread (Stable) ±0.0001

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0008 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.0008

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0243) against the same month in 2022 (average: 0.0262), the exchange rate shifted by -0.0019 (-7.35%).

2023 Avg (February) 0.0243

2022 Avg (February) 0.0262

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0243	0.0238	0.0240
February	0.0243	0.0240	0.0243
March	0.0243	0.0234	0.0241
April	0.0234	0.0232	0.0233
May	0.0236	0.0232	0.0234
June	0.0235	0.0233	0.0234
July	0.0238	0.0232	0.0234
August	0.0241	0.0239	0.0240
September	0.0241	0.0240	0.0241
October	0.0242	0.0241	0.0241
November	0.0242	0.0241	0.0241
December	0.0242	0.0240	0.0241