2023 TOP to MNT Historical Review

YEARLY HIGH

1516.0406 MNT

YEARLY LOW

1431.1908 MNT

YEARLY AVERAGE

1465.7490 MNT

2023 TOP to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TOP to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on July 16, valuing the pair at 1516.0406. Conversely, the yearly low was recorded on October 29, dropping to 1431.1908.

This high-to-low spread represents a total annual volatility of 84.8497 MNT. From a start-to-finish perspective, comparing the January average rate of 1462.5464 to the December average rate of 1468.1985, the exchange rate registered a net change of 0.39% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 1516.0406 was up 3.62% compared to the 2022 peak of 1463.0231, 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 7,580,203 MNT

2022 Average 6,697,448 MNT

Yearly Trough Low 7,155,954 MNT

Transaction Impact: A difference of 424,248.64 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

1500.9714

1433.4968

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 1474.3023, compared to 1457.1957 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 17.1066 points.

H1 Avg (Jan–Jun) 1474.3023

H2 Avg (Jul–Dec) 1457.1957

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 62.3026 MNT (High: 1497.0378 / Low: 1434.7352). On the other end, September was the most stable month, with a tight range of 8.4644 MNT (High: 1447.1555 / Low: 1438.6911).

March Spread (Volatile) ±62.3026

September Spread (Stable) ±8.4644

Growth Streaks & Declines

Trends

Between May and July, 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 44.2124 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -44.2124

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (July 2023: 1494.8771) against the same month in 2022 (average: 1336.5611), the exchange rate shifted by +158.3159 (+11.85%).

2023 Avg (July) 1494.8771

2022 Avg (July) 1336.5611

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1474.6131	1447.3508	1462.5464
February	1473.6328	1442.5743	1457.7620
March	1497.0378	1434.7352	1446.0362
April	1502.0007	1486.1401	1495.3485
May	1503.3861	1477.6861	1491.7787
June	1505.3090	1477.6861	1492.3420
July	1516.0406	1463.7114	1494.8771
August	1467.8527	1441.9659	1450.6647
September	1447.1555	1438.6911	1442.8413
October	1447.8497	1431.1908	1439.1197
November	1463.7089	1434.2198	1447.4727
December	1480.2845	1458.5394	1468.1985