2023 MNT to NGN Historical Review

YEARLY HIGH

0.2604 NGN

YEARLY LOW

0.1303 NGN

YEARLY AVERAGE

0.1832 NGN

2023 MNT to NGN Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MNT to NGN exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 0.2604. Conversely, the yearly low was recorded on April 15, dropping to 0.1303.

This high-to-low spread represents a total annual volatility of 0.1301 NGN. From a start-to-finish perspective, comparing the January average rate of 0.1334 to the December average rate of 0.2348, the exchange rate registered a net change of 75.98% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.2604 was up 78.08% compared to the 2022 peak of 0.1462, 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 1,302 NGN

2022 Average 680 NGN

Yearly Trough Low 652 NGN

Transaction Impact: A difference of 650.33 NGN purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.2452

0.1207

JanuMarcMayJulySeptNove

MNT to NGN 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 0.1393, compared to 0.2270 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0877 points.

H1 Avg (Jan–Jun) 0.1393

H2 Avg (Jul–Dec) 0.2270

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.1029 NGN (High: 0.2339 / Low: 0.1310). On the other end, May was the most stable month, with a tight range of 0.0006 NGN (High: 0.1314 / Low: 0.1308).

June Spread (Volatile) ±0.1029

May Spread (Stable) ±0.0006

Growth Streaks & Declines

Trends

Between April and December, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 8 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.0037 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0037

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.2348) against the same month in 2022 (average: 0.1307), the exchange rate shifted by +0.1041 (+79.62%).

2023 Avg (December) 0.2348

2022 Avg (December) 0.1307

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1352	0.1312	0.1334
February	0.1358	0.1345	0.1351
March	0.1352	0.1308	0.1348
April	0.1321	0.1303	0.1311
May	0.1314	0.1308	0.1311
June	0.2339	0.1310	0.1704
July	0.2252	0.2159	0.2214
August	0.2255	0.2177	0.2225
September	0.2287	0.2159	0.2244
October	0.2561	0.2199	0.2269
November	0.2386	0.2264	0.2321
December	0.2604	0.2216	0.2348