2023 TRY to MNT Historical Review

YEARLY HIGH

183.4896 MNT

YEARLY LOW

116.7229 MNT

YEARLY AVERAGE

150.1543 MNT

2023 TRY to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TRY to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on March 31, valuing the pair at 183.4896. Conversely, the yearly low was recorded on December 28, dropping to 116.7229.

This high-to-low spread represents a total annual volatility of 66.7667 MNT. From a start-to-finish perspective, comparing the January average rate of 181.4058 to the December average rate of 118.5603, the exchange rate registered a net change of -34.64% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 183.4896 was down 16.22% compared to the 2022 peak of 219.0072, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 50,000 TRY based on timing:

Yearly Peak High 9,174,479 MNT

2022 Average 9,493,786 MNT

Yearly Trough Low 5,836,144 MNT

Transaction Impact: A difference of 3,338,335.74 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

188.2646

112.2236

JanuMarcMayJulySeptNove

TRY 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 175.1106, compared to 125.1980 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 49.9126 points.

H1 Avg (Jan–Jun) 175.1106

H2 Avg (Jul–Dec) 125.1980

Volatility Range Comparison

Volatility

The most volatile month in 2023 was June, with a trading range of 33.4795 MNT (High: 168.3667 / Low: 134.8872). On the other end, February was the most stable month, with a tight range of 0.6667 MNT (High: 181.0463 / Low: 180.3796).

June Spread (Volatile) ±33.4795

February Spread (Stable) ±0.6667

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2023. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 28.9515 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -28.9515

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2023: 179.4993) against the same month in 2022 (average: 197.3292), the exchange rate shifted by -17.8299 (-9.04%).

2023 Avg (March) 179.4993

2022 Avg (March) 197.3292

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	182.2755	181.0963	181.4058
February	181.0463	180.3796	180.7480
March	183.4896	177.6246	179.4993
April	183.4896	180.8960	181.9278
May	180.8160	169.5226	178.0171
June	168.3667	134.8872	149.0655
July	136.6814	128.0367	132.6242
August	133.1537	126.7845	128.1870
September	129.2111	125.6217	127.7338
October	125.6066	121.8767	123.7142
November	121.7872	119.1800	120.3686
December	119.3780	116.7229	118.5603