2023 MNT to KRW Historical Review

YEARLY HIGH

0.3942 KRW

YEARLY LOW

0.3588 KRW

YEARLY AVERAGE

0.3773 KRW

2023 MNT to KRW Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MNT to KRW exchange rate experienced significant fluctuation. The market reached its absolute peak on October 3, valuing the pair at 0.3942. Conversely, the yearly low was recorded on February 1, dropping to 0.3588.

This high-to-low spread represents a total annual volatility of 0.0355 KRW. From a start-to-finish perspective, comparing the January average rate of 0.3647 to the December average rate of 0.3772, the exchange rate registered a net change of 3.43% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.3942 was down 10.74% compared to the 2022 peak of 0.4417, 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 1,971 KRW

2022 Average 2,069 KRW

Yearly Trough Low 1,794 KRW

Transaction Impact: A difference of 177.32 KRW purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.3941

0.3620

JanuMarcMayJulySeptNove

MNT to KRW 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 0.3740, compared to 0.3806 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0066 points.

H1 Avg (Jan–Jun) 0.3740

H2 Avg (Jul–Dec) 0.3806

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 0.0293 KRW (High: 0.3880 / Low: 0.3588). On the other end, October was the most stable month, with a tight range of 0.0061 KRW (High: 0.3942 / Low: 0.3881).

February Spread (Volatile) ±0.0293

October Spread (Stable) ±0.0061

Growth Streaks & Declines

Trends

Between July and October, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.0127 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0127

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.3914) against the same month in 2022 (average: 0.4289), the exchange rate shifted by -0.0375 (-8.74%).

2023 Avg (October) 0.3914

2022 Avg (October) 0.4289

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.3755	0.3610	0.3647
February	0.3880	0.3588	0.3756
March	0.3892	0.3713	0.3827
April	0.3812	0.3699	0.3755
May	0.3817	0.3735	0.3774
June	0.3761	0.3603	0.3682
July	0.3741	0.3596	0.3661
August	0.3895	0.3737	0.3837
September	0.3926	0.3822	0.3866
October	0.3942	0.3881	0.3914
November	0.3908	0.3734	0.3787
December	0.3819	0.3728	0.3772