2023 MNT to PKR Historical Review

YEARLY HIGH

0.0893 PKR

YEARLY LOW

0.0665 PKR

YEARLY AVERAGE

0.0807 PKR

2023 MNT to PKR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MNT to PKR exchange rate experienced significant fluctuation. The market reached its absolute peak on September 5, valuing the pair at 0.0893. Conversely, the yearly low was recorded on January 1, dropping to 0.0665.

This high-to-low spread represents a total annual volatility of 0.0228 PKR. From a start-to-finish perspective, comparing the January average rate of 0.0686 to the December average rate of 0.0817, the exchange rate registered a net change of 19.15% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0893 was up 17.53% compared to the 2022 peak of 0.0760, 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 447 PKR

2022 Average 327 PKR

Yearly Trough Low 333 PKR

Transaction Impact: A difference of 113.89 PKR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0881

0.0668

JanuMarcMayJulySeptNove

MNT to PKR 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 0.0787, compared to 0.0828 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0041 points.

H1 Avg (Jan–Jun) 0.0787

H2 Avg (Jul–Dec) 0.0828

Volatility Range Comparison

Volatility

The most volatile month in 2023 was January, with a trading range of 0.0121 PKR (High: 0.0787 / Low: 0.0665). On the other end, June was the most stable month, with a tight range of 0.0007 PKR (High: 0.0817 / Low: 0.0810).

January Spread (Volatile) ±0.0121

June Spread (Stable) ±0.0007

Growth Streaks & Declines

Trends

Between January and March, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between September and October, when the average rate fell by 0.0053 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0053

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2023: 0.0863) against the same month in 2022 (average: 0.0715), the exchange rate shifted by +0.0148 (+20.76%).

2023 Avg (September) 0.0863

2022 Avg (September) 0.0715

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0787	0.0665	0.0686
February	0.0809	0.0735	0.0779
March	0.0833	0.0769	0.0821
April	0.0820	0.0793	0.0806
May	0.0840	0.0805	0.0812
June	0.0817	0.0810	0.0814
July	0.0831	0.0774	0.0802
August	0.0883	0.0822	0.0851
September	0.0893	0.0834	0.0863
October	0.0838	0.0797	0.0810
November	0.0836	0.0807	0.0823
December	0.0827	0.0806	0.0817