2023 MNT to ZAR Historical Review

YEARLY HIGH

0.0057 ZAR

YEARLY LOW

0.0049 ZAR

YEARLY AVERAGE

0.0053 ZAR

2023 MNT to ZAR Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the MNT to ZAR exchange rate experienced significant fluctuation. The market reached its absolute peak on October 5, valuing the pair at 0.0057. Conversely, the yearly low was recorded on January 12, dropping to 0.0049.

This high-to-low spread represents a total annual volatility of 0.0007 ZAR. From a start-to-finish perspective, comparing the January average rate of 0.0050 to the December average rate of 0.0054, the exchange rate registered a net change of 7.54% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.0057 was up 0.89% compared to the 2022 peak of 0.0056, 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 28 ZAR

2022 Average 26 ZAR

Yearly Trough Low 25 ZAR

Transaction Impact: A difference of 3.70 ZAR purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.0056

0.0050

JanuMarcMayJulySeptNove

MNT to ZAR 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 0.0053, compared to 0.0054 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0001 points.

H1 Avg (Jan–Jun) 0.0053

H2 Avg (Jul–Dec) 0.0054

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 0.0005 ZAR (High: 0.0055 / Low: 0.0051). On the other end, September was the most stable month, with a tight range of 0.0001 ZAR (High: 0.0056 / Low: 0.0054).

March Spread (Volatile) ±0.0005

September Spread (Stable) ±0.0001

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 March and April, when the average rate fell by 0.0002 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.0002

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2023: 0.0055) against the same month in 2022 (average: 0.0054), the exchange rate shifted by +0.0001 (+1.40%).

2023 Avg (October) 0.0055

2022 Avg (October) 0.0054

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.0051	0.0049	0.0050
February	0.0054	0.0050	0.0053
March	0.0055	0.0051	0.0054
April	0.0053	0.0051	0.0052
May	0.0056	0.0052	0.0054
June	0.0056	0.0052	0.0053
July	0.0054	0.0050	0.0052
August	0.0056	0.0053	0.0054
September	0.0056	0.0054	0.0055
October	0.0057	0.0054	0.0055
November	0.0055	0.0053	0.0054
December	0.0055	0.0053	0.0054