2023 THB to MNT Historical Review

YEARLY HIGH

104.9195 MNT

YEARLY LOW

92.9565 MNT

YEARLY AVERAGE

99.6386 MNT

2023 THB to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the THB to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 104.9195. Conversely, the yearly low was recorded on October 3, dropping to 92.9565.

This high-to-low spread represents a total annual volatility of 11.9630 MNT. From a start-to-finish perspective, comparing the January average rate of 102.6265 to the December average rate of 98.8544, the exchange rate registered a net change of -3.68% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 104.9195 was up 6.30% compared to the 2022 peak of 98.7005, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 THB based on timing:

Yearly Peak High 26,229,868 MNT

2022 Average 22,292,909 MNT

Yearly Trough Low 23,239,128 MNT

Transaction Impact: A difference of 2,990,740.21 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

103.8192

93.7211

JanuMarcMayJulySeptNove

THB 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 101.4430, compared to 97.8343 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 3.6087 points.

H1 Avg (Jan–Jun) 101.4430

H2 Avg (Jul–Dec) 97.8343

Volatility Range Comparison

Volatility

The most volatile month in 2023 was February, with a trading range of 7.3870 MNT (High: 104.0660 / Low: 96.6789). On the other end, April was the most stable month, with a tight range of 1.9100 MNT (High: 103.9322 / Low: 102.0222).

February Spread (Volatile) ±7.3870

April Spread (Stable) ±1.9100

Growth Streaks & Declines

Trends

Between March and May, 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 2.9266 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -2.9266

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2023: 102.9777) against the same month in 2022 (average: 89.5686), the exchange rate shifted by +13.4091 (+14.97%).

2023 Avg (May) 102.9777

2022 Avg (May) 89.5686

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	104.3717	98.4661	102.6265
February	104.0660	96.6789	100.0296
March	103.2444	97.0549	99.1148
April	103.9322	102.0222	102.9693
May	104.9195	101.2371	102.9777
June	101.8765	98.7374	100.9401
July	103.4153	99.7166	101.3848
August	100.6124	97.1878	98.4582
September	98.4783	94.0682	96.3599
October	96.0387	92.9565	94.5626
November	99.5025	95.6155	97.3859
December	100.8836	96.6362	98.8544