2023 MNT to IRR Historical Review

YEARLY HIGH

12.4304 IRR

YEARLY LOW

11.9378 IRR

YEARLY AVERAGE

12.1975 IRR

2023 MNT to IRR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MNT to IRR exchange rate experienced significant fluctuation. The market reached its absolute peak on February 21, valuing the pair at 12.4304. Conversely, the yearly low was recorded on July 23, dropping to 11.9378.

This high-to-low spread represents a total annual volatility of 0.4926 IRR. From a start-to-finish perspective, comparing the January average rate of 12.3087 to the December average rate of 12.2406, the exchange rate registered a net change of -0.55% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 12.4304 was down 15.94% compared to the 2022 peak of 14.7883, 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 62,152 IRR

2022 Average 67,901 IRR

Yearly Trough Low 59,689 IRR

Transaction Impact: A difference of 2,463.11 IRR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

12.4302

11.9703

JanuMarcMayJulySeptNove

MNT to IRR 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 12.1829, compared to 12.2121 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0292 points.

H1 Avg (Jan–Jun) 12.1829

H2 Avg (Jul–Dec) 12.2121

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.3950 IRR (High: 12.4084 / Low: 12.0134). On the other end, April was the most stable month, with a tight range of 0.0071 IRR (High: 12.0134 / Low: 12.0063).

March Spread (Volatile) ±0.3950

April Spread (Stable) ±0.0071

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 0.3542 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.3542

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 12.3919) against the same month in 2022 (average: 14.7530), the exchange rate shifted by -2.3612 (-16.00%).

2023 Avg (February) 12.3919

2022 Avg (February) 14.7530

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	12.3879	12.2203	12.3087
February	12.4304	12.2203	12.3919
March	12.4084	12.0134	12.3628
April	12.0134	12.0063	12.0086
May	12.0276	12.0063	12.0124
June	12.0276	12.0063	12.0131
July	12.2754	11.9378	12.0356
August	12.2681	12.2464	12.2549
September	12.2536	12.2428	12.2471
October	12.2500	12.2428	12.2464
November	12.2536	12.2391	12.2481
December	12.2536	12.1790	12.2406