2022 TOP to MNT Historical Review

YEARLY HIGH

1463.0231 MNT

YEARLY LOW

1251.4489 MNT

YEARLY AVERAGE

1339.0714 MNT

2022 TOP to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2022

During 2022, the TOP to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 1463.0231. Conversely, the yearly low was recorded on January 11, dropping to 1251.4489.

This high-to-low spread represents a total annual volatility of 211.5741 MNT. From a start-to-finish perspective, comparing the January average rate of 1256.9724 to the December average rate of 1451.9090, the exchange rate registered a net change of 15.51% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2022 high of 1463.0231 was up 13.82% compared to the 2021 peak of 1285.3298, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 7,315,115 MNT

2021 Average 6,293,311 MNT

Yearly Trough Low 6,257,245 MNT

Transaction Impact: A difference of 1,057,870.69 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2022.

1471.4027

1237.4787

JanuMarcMayJulySeptNove

TOP 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 1295.4659, compared to 1382.6768 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 87.2109 points.

H1 Avg (Jan–Jun) 1295.4659

H2 Avg (Jul–Dec) 1382.6768

Volatility Range Comparison

Volatility

The most volatile month in 2022 was October, with a trading range of 60.8562 MNT (High: 1397.1785 / Low: 1336.3223). On the other end, January was the most stable month, with a tight range of 9.8214 MNT (High: 1261.2703 / Low: 1251.4489).

October Spread (Volatile) ±60.8562

January Spread (Stable) ±9.8214

Growth Streaks & Declines

Trends

Between January and June, 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 August and September, when the average rate fell by 9.0422 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -9.0422

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2022: 1451.9090) against the same month in 2021 (average: 1251.2013), the exchange rate shifted by +200.7078 (+16.04%).

2022 Avg (December) 1451.9090

2021 Avg (December) 1251.2013

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1261.2703	1251.4489	1256.9724
February	1271.2605	1254.3436	1263.3904
March	1288.7114	1259.2094	1273.6677
April	1330.2574	1286.3916	1312.5442
May	1350.6055	1303.7201	1326.0344
June	1350.6055	1327.7870	1340.1864
July	1347.4234	1328.7258	1336.5611
August	1379.1970	1349.0935	1361.9779
September	1366.0449	1330.4577	1352.9358
October	1397.1785	1336.3223	1367.6996
November	1446.3173	1391.4275	1424.9772
December	1463.0231	1443.2667	1451.9090