2023 QAR to MNT Historical Review

YEARLY HIGH

977.7635 MNT

YEARLY LOW

925.1760 MNT

YEARLY AVERAGE

950.1814 MNT

2023 QAR to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the QAR to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on April 29, valuing the pair at 977.7635. Conversely, the yearly low was recorded on February 5, dropping to 925.1760.

This high-to-low spread represents a total annual volatility of 52.5874 MNT. From a start-to-finish perspective, comparing the January average rate of 934.9587 to the December average rate of 946.5986, the exchange rate registered a net change of 1.24% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 977.7635 was up 4.42% compared to the 2022 peak of 936.3931, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 4,888,817 MNT

2022 Average 4,287,118 MNT

Yearly Trough Low 4,625,880 MNT

Transaction Impact: A difference of 262,937.24 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

969.6821

930.9707

JanuMarcMayJulySeptNove

QAR 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 950.3894, compared to 949.9735 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4160 points.

H1 Avg (Jan–Jun) 950.3894

H2 Avg (Jul–Dec) 949.9735

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 39.5245 MNT (High: 966.4927 / Low: 926.9683). On the other end, May was the most stable month, with a tight range of 1.5146 MNT (High: 966.9089 / Low: 965.3942).

March Spread (Volatile) ±39.5245

May Spread (Stable) ±1.5146

Growth Streaks & Declines

Trends

Between February and May, 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 July and August, when the average rate fell by 17.4670 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -17.4670

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 965.3442) against the same month in 2022 (average: 818.0489), the exchange rate shifted by +147.2953 (+18.01%).

2023 Avg (April) 965.3442

2022 Avg (April) 818.0489

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	936.0322	929.2577	934.9587
February	940.6374	925.1760	934.1967
March	966.4927	926.9683	935.2354
April	977.7635	956.2430	965.3442
May	966.9089	965.3942	966.4562
June	967.4945	961.3772	966.1455
July	969.8725	947.5419	964.2022
August	947.7764	942.7417	946.7352
September	947.9332	945.6825	947.3074
October	948.1593	944.8506	947.0178
November	953.0558	945.7499	947.9796
December	947.6720	944.1243	946.5986