2023 MNT to JMD Historical Review

YEARLY HIGH

0.0458 JMD

YEARLY LOW

0.0428 JMD

YEARLY AVERAGE

0.0445 JMD

2023 MNT to JMD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MNT to JMD exchange rate experienced significant fluctuation. The market reached its absolute peak on February 5, valuing the pair at 0.0458. Conversely, the yearly low was recorded on April 3, dropping to 0.0428.

This high-to-low spread represents a total annual volatility of 0.0030 JMD. From a start-to-finish perspective, comparing the January average rate of 0.0449 to the December average rate of 0.0450, the exchange rate registered a net change of 0.33% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0458 was down 16.95% compared to the 2022 peak of 0.0551, 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 229 JMD

2022 Average 247 JMD

Yearly Trough Low 214 JMD

Transaction Impact: A difference of 15.01 JMD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0455

0.0430

JanuMarcMayJulySeptNove

MNT to JMD 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 0.0443, compared to 0.0448 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0005 points.

H1 Avg (Jan–Jun) 0.0443

H2 Avg (Jul–Dec) 0.0448

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0024 JMD (High: 0.0452 / Low: 0.0428). On the other end, September was the most stable month, with a tight range of 0.0003 JMD (High: 0.0450 / Low: 0.0447).

March Spread (Volatile) ±0.0024

September Spread (Stable) ±0.0003

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 0.0013 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0013

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (February 2023: 0.0453) against the same month in 2022 (average: 0.0546), the exchange rate shifted by -0.0093 (-17.06%).

2023 Avg (February) 0.0453

2022 Avg (February) 0.0546

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0453	0.0443	0.0449
February	0.0458	0.0450	0.0453
March	0.0452	0.0428	0.0445
April	0.0436	0.0428	0.0432
May	0.0441	0.0434	0.0438
June	0.0441	0.0436	0.0439
July	0.0448	0.0435	0.0439
August	0.0451	0.0445	0.0448
September	0.0450	0.0447	0.0448
October	0.0452	0.0447	0.0449
November	0.0454	0.0446	0.0450
December	0.0453	0.0448	0.0450