2023 MNT to JPY Historical Review

YEARLY HIGH

0.0440 JPY

YEARLY LOW

0.0372 JPY

YEARLY AVERAGE

0.0406 JPY

2023 MNT to JPY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MNT to JPY exchange rate experienced significant fluctuation. The market reached its absolute peak on November 13, valuing the pair at 0.0440. Conversely, the yearly low was recorded on April 5, dropping to 0.0372.

This high-to-low spread represents a total annual volatility of 0.0067 JPY. From a start-to-finish perspective, comparing the January average rate of 0.0382 to the December average rate of 0.0416, the exchange rate registered a net change of 8.99% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0440 was down 2.26% compared to the 2022 peak of 0.0450, 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 220 JPY

2022 Average 210 JPY

Yearly Trough Low 186 JPY

Transaction Impact: A difference of 33.74 JPY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0440

0.0374

JanuMarcMayJulySeptNove

MNT to JPY 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 0.0389, compared to 0.0422 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0033 points.

H1 Avg (Jan–Jun) 0.0389

H2 Avg (Jul–Dec) 0.0422

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0026 JPY (High: 0.0403 / Low: 0.0377). On the other end, October was the most stable month, with a tight range of 0.0009 JPY (High: 0.0439 / Low: 0.0430).

March Spread (Volatile) ±0.0026

October Spread (Stable) ±0.0009

Growth Streaks & Declines

Trends

Between April and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 7 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.0018 points.

Longest Streak 7 Mo.

Sharpest MoM Drop -0.0018

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2023: 0.0434) against the same month in 2022 (average: 0.0417), the exchange rate shifted by +0.0017 (+4.06%).

2023 Avg (November) 0.0434

2022 Avg (November) 0.0417

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0391	0.0375	0.0382
February	0.0401	0.0377	0.0391
March	0.0403	0.0377	0.0392
April	0.0388	0.0372	0.0380
May	0.0400	0.0381	0.0390
June	0.0411	0.0394	0.0402
July	0.0413	0.0392	0.0402
August	0.0425	0.0411	0.0420
September	0.0433	0.0424	0.0428
October	0.0439	0.0430	0.0433
November	0.0440	0.0426	0.0434
December	0.0427	0.0409	0.0416