2023 PEN to MNT Historical Review

YEARLY HIGH

988.9348 MNT

YEARLY LOW

873.1832 MNT

YEARLY AVERAGE

926.0835 MNT

2023 PEN to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PEN to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 17, valuing the pair at 988.9348. Conversely, the yearly low was recorded on January 26, dropping to 873.1832.

This high-to-low spread represents a total annual volatility of 115.7516 MNT. From a start-to-finish perspective, comparing the January average rate of 891.1895 to the December average rate of 923.4586, the exchange rate registered a net change of 3.62% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 988.9348 was up 10.34% compared to the 2022 peak of 896.2365, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,944,674 MNT

2022 Average 4,074,711 MNT

Yearly Trough Low 4,365,916 MNT

Transaction Impact: A difference of 578,758.15 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

984.2553

879.0379

JanuMarcMayJulySeptNove

PEN 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 923.1945, compared to 928.9725 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 5.7780 points.

H1 Avg (Jan–Jun) 923.1945

H2 Avg (Jul–Dec) 928.9725

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 40.1858 MNT (High: 935.1581 / Low: 894.9723). On the other end, May was the most stable month, with a tight range of 16.6711 MNT (High: 964.5969 / Low: 947.9258).

March Spread (Volatile) ±40.1858

May Spread (Stable) ±16.6711

Growth Streaks & Declines

Trends

Between February and July, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 40.8903 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -40.8903

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 975.4872) against the same month in 2022 (average: 806.5980), the exchange rate shifted by +168.8893 (+20.94%).

2023 Avg (July) 975.4872

2022 Avg (July) 806.5980

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	904.4084	873.1832	891.1895
February	896.0774	874.8707	887.8061
March	935.1581	894.9723	902.9720
April	955.9900	929.6720	936.6745
May	964.5969	947.9258	955.3090
June	975.6116	951.3698	965.2157
July	988.9348	957.5109	975.4872
August	956.6738	924.8090	934.5969
September	934.1002	908.3848	926.5123
October	909.2994	889.6423	898.7385
November	925.4850	896.4040	915.0414
December	934.9593	911.0616	923.4586