2023 PGK to MNT Historical Review

YEARLY HIGH

1008.8922 MNT

YEARLY LOW

910.5906 MNT

YEARLY AVERAGE

961.7961 MNT

2023 PGK to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the PGK to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on April 30, valuing the pair at 1008.8922. Conversely, the yearly low was recorded on November 24, dropping to 910.5906.

This high-to-low spread represents a total annual volatility of 98.3017 MNT. From a start-to-finish perspective, comparing the January average rate of 967.0795 to the December average rate of 922.2801, the exchange rate registered a net change of -4.63% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 1008.8922 was up 3.66% compared to the 2022 peak of 973.2660, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 5,044,461 MNT

2022 Average 4,428,950 MNT

Yearly Trough Low 4,552,953 MNT

Transaction Impact: A difference of 491,508.39 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1005.8107

911.7567

JanuMarcMayJulySeptNove

PGK 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 980.9215, compared to 942.6706 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 38.2508 points.

H1 Avg (Jan–Jun) 980.9215

H2 Avg (Jul–Dec) 942.6706

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 45.3497 MNT (High: 999.7159 / Low: 954.3662). On the other end, January was the most stable month, with a tight range of 4.0633 MNT (High: 970.1672 / Low: 966.1039).

March Spread (Volatile) ±45.3497

January Spread (Stable) ±4.0633

Growth Streaks & Declines

Trends

Between February and April, 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 29.1926 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -29.1926

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 997.9729) against the same month in 2022 (average: 846.0892), the exchange rate shifted by +151.8837 (+17.95%).

2023 Avg (April) 997.9729

2022 Avg (April) 846.0892

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	970.1672	966.1039	967.0795
February	967.8879	953.8965	965.4258
March	999.7159	954.3662	968.4057
April	1008.8922	985.5015	997.9729
May	1000.0293	979.0308	996.2507
June	999.7159	975.3631	990.3943
July	999.7159	965.4138	982.9348
August	980.1136	942.0315	953.7423
September	966.0483	935.3946	946.6555
October	943.5219	915.8131	930.8165
November	932.1352	910.5906	919.5946
December	928.2927	912.3965	922.2801