2023 NAD to MNT Historical Review

YEARLY HIGH

202.6146 MNT

YEARLY LOW

170.7921 MNT

YEARLY AVERAGE

187.3557 MNT

2023 NAD to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NAD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 202.6146. Conversely, the yearly low was recorded on October 28, dropping to 170.7921.

This high-to-low spread represents a total annual volatility of 31.8226 MNT. From a start-to-finish perspective, comparing the January average rate of 199.4915 to the December average rate of 184.6768, the exchange rate registered a net change of -7.43% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 202.6146 was down 1.59% compared to the 2022 peak of 205.8888, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 NAD based on timing:

Yearly Peak High 1,013,073 MNT

2022 Average 958,622 MNT

Yearly Trough Low 853,960 MNT

Transaction Impact: A difference of 159,112.83 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

201.5163

177.2183

JanuMarcMayJulySeptNove

NAD to MNT 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 190.4721, compared to 184.2392 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.2329 points.

H1 Avg (Jan–Jun) 190.4721

H2 Avg (Jul–Dec) 184.2392

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 17.2328 MNT (High: 189.5604 / Low: 172.3277). On the other end, September was the most stable month, with a tight range of 4.4995 MNT (High: 184.0000 / Low: 179.5005).

November Spread (Volatile) ±17.2328

September Spread (Stable) ±4.4995

Growth Streaks & Declines

Trends

Between May and July, 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 July and August, when the average rate fell by 9.3561 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -9.3561

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 199.4915) against the same month in 2022 (average: 184.5454), the exchange rate shifted by +14.9460 (+8.10%).

2023 Avg (January) 199.4915

2022 Avg (January) 184.5454

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	202.6146	197.1623	199.4915
February	199.8220	184.9601	190.6547
March	196.8121	183.1702	186.6146
April	198.4772	190.0108	193.6208
May	192.6108	178.4483	184.4912
June	193.5644	178.4483	187.9601
July	199.3768	186.6844	192.4653
August	188.7309	173.9788	183.1092
September	184.0000	179.5005	181.8394
October	183.8039	170.7921	179.2431
November	189.5604	172.3277	184.1015
December	188.7309	180.7229	184.6768