2023 NZD to MNT Historical Review

YEARLY HIGH

2249.1875 MNT

YEARLY LOW

1998.3145 MNT

YEARLY AVERAGE

2126.3385 MNT

2023 NZD to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the NZD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 13, valuing the pair at 2249.1875. Conversely, the yearly low was recorded on October 25, dropping to 1998.3145.

This high-to-low spread represents a total annual volatility of 250.8730 MNT. From a start-to-finish perspective, comparing the January average rate of 2182.4310 to the December average rate of 2148.9646, the exchange rate registered a net change of -1.53% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 2249.1875 was up 2.30% compared to the 2022 peak of 2198.6166, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 11,245,937 MNT

2022 Average 9,907,029 MNT

Yearly Trough Low 9,991,572 MNT

Transaction Impact: A difference of 1,254,365.04 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2200.4087

2018.6652

JanuMarcMayJulySeptNove

NZD 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 2161.3698, compared to 2091.3072 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 70.0625 points.

H1 Avg (Jan–Jun) 2161.3698

H2 Avg (Jul–Dec) 2091.3072

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 124.3571 MNT (High: 2249.1875 / Low: 2124.8304). On the other end, September was the most stable month, with a tight range of 43.0266 MNT (High: 2068.2746 / Low: 2025.2481).

July Spread (Volatile) ±124.3571

September Spread (Stable) ±43.0266

Growth Streaks & Declines

Trends

Between October and December, 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 118.6165 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -118.6165

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2184.5515) against the same month in 2022 (average: 1949.7735), the exchange rate shifted by +234.7780 (+12.04%).

2023 Avg (July) 2184.5515

2022 Avg (July) 1949.7735

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2212.8008	2121.2897	2182.4310
February	2219.7816	2095.4541	2139.7834
March	2202.1897	2078.5332	2117.0393
April	2223.1895	2153.7584	2185.2634
May	2241.7440	2119.6165	2184.5132
June	2193.8985	2125.9950	2159.1882
July	2249.1875	2124.8304	2184.5515
August	2118.1108	2036.1899	2065.9350
September	2068.2746	2025.2481	2045.2319
October	2084.1967	1998.3145	2033.8105
November	2124.1305	2028.1972	2069.3500
December	2190.0132	2112.1729	2148.9646