2023 MNT to TRY Historical Review

YEARLY HIGH

0.0086 TRY

YEARLY LOW

0.0054 TRY

YEARLY AVERAGE

0.0069 TRY

2023 MNT to TRY Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MNT to TRY exchange rate experienced significant fluctuation. The market reached its absolute peak on December 28, valuing the pair at 0.0086. Conversely, the yearly low was recorded on April 1, dropping to 0.0054.

This high-to-low spread represents a total annual volatility of 0.0031 TRY. From a start-to-finish perspective, comparing the January average rate of 0.0055 to the December average rate of 0.0084, the exchange rate registered a net change of 53.01% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0086 was up 49.80% compared to the 2022 peak of 0.0057, 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 43 TRY

2022 Average 26 TRY

Yearly Trough Low 27 TRY

Transaction Impact: A difference of 15.59 TRY purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0087

0.0052

JanuMarcMayJulySeptNove

MNT to TRY 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 0.0057, compared to 0.0080 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0023 points.

H1 Avg (Jan–Jun) 0.0057

H2 Avg (Jul–Dec) 0.0080

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 0.0015 TRY (High: 0.0074 / Low: 0.0059). On the other end, February was the most stable month, with a tight range of 0.0000 TRY (High: 0.0055 / Low: 0.0055).

June Spread (Volatile) ±0.0015

February Spread (Stable) ±0.0000

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 0.0001 points.

Longest Streak 8 Mo.

Sharpest MoM Drop -0.0001

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2023: 0.0084) against the same month in 2022 (average: 0.0055), the exchange rate shifted by +0.0030 (+54.07%).

2023 Avg (December) 0.0084

2022 Avg (December) 0.0055

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0055	0.0055	0.0055
February	0.0055	0.0055	0.0055
March	0.0056	0.0054	0.0056
April	0.0055	0.0054	0.0055
May	0.0059	0.0055	0.0056
June	0.0074	0.0059	0.0067
July	0.0078	0.0073	0.0075
August	0.0079	0.0075	0.0078
September	0.0080	0.0077	0.0078
October	0.0082	0.0080	0.0081
November	0.0084	0.0082	0.0083
December	0.0086	0.0084	0.0084