2023 SGD to MNT Historical Review

YEARLY HIGH

2664.0927 MNT

YEARLY LOW

2511.7616 MNT

YEARLY AVERAGE

2578.1599 MNT

2023 SGD to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the SGD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 15, valuing the pair at 2664.0927. Conversely, the yearly low was recorded on October 2, dropping to 2511.7616.

This high-to-low spread represents a total annual volatility of 152.3311 MNT. From a start-to-finish perspective, comparing the January average rate of 2572.1082 to the December average rate of 2591.3854, the exchange rate registered a net change of 0.75% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 2664.0927 was up 4.83% compared to the 2022 peak of 2541.4000, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 13,320,463 MNT

2022 Average 11,328,136 MNT

Yearly Trough Low 12,558,808 MNT

Transaction Impact: A difference of 761,655.34 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

2654.1159

2508.1030

JanuMarcMayJulySeptNove

SGD 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 2592.2668, compared to 2564.0529 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 28.2139 points.

H1 Avg (Jan–Jun) 2592.2668

H2 Avg (Jul–Dec) 2564.0529

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 129.0083 MNT (High: 2644.2741 / Low: 2515.2658). On the other end, October was the most stable month, with a tight range of 20.0512 MNT (High: 2531.8128 / Low: 2511.7616).

March Spread (Volatile) ±129.0083

October Spread (Stable) ±20.0512

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 75.6906 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -75.6906

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 2629.3728) against the same month in 2022 (average: 2253.2981), the exchange rate shifted by +376.0747 (+16.69%).

2023 Avg (July) 2629.3728

2022 Avg (July) 2253.2981

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2597.5642	2531.7891	2572.1082
February	2609.9814	2523.6780	2555.8361
March	2644.2741	2515.2658	2543.6087
April	2661.4169	2630.1903	2641.9482
May	2656.5428	2597.4314	2626.3112
June	2632.5239	2594.5300	2613.7886
July	2664.0927	2591.3157	2629.3728
August	2584.7731	2536.0654	2553.6822
September	2549.8213	2512.9105	2530.5252
October	2531.8128	2511.7616	2520.2707
November	2593.4585	2524.8533	2559.0813
December	2614.5772	2567.1553	2591.3854