2023 TWD to MNT Historical Review

YEARLY HIGH

115.7551 MNT

YEARLY LOW

106.2225 MNT

YEARLY AVERAGE

111.2136 MNT

2023 TWD to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the TWD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on April 4, valuing the pair at 115.7551. Conversely, the yearly low was recorded on October 28, dropping to 106.2225.

This high-to-low spread represents a total annual volatility of 9.5326 MNT. From a start-to-finish perspective, comparing the January average rate of 112.1068 to the December average rate of 110.5368, the exchange rate registered a net change of -1.40% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 115.7551 was up 3.62% compared to the 2022 peak of 111.7063, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 578,775 MNT

2022 Average 524,213 MNT

Yearly Trough Low 531,112 MNT

Transaction Impact: A difference of 47,662.87 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

115.9824

106.0400

JanuMarcMayJulySeptNove

TWD 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 113.3768, compared to 109.0504 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 4.3264 points.

H1 Avg (Jan–Jun) 113.3768

H2 Avg (Jul–Dec) 109.0504

Volatility Range Comparison

Volatility

The most volatile month in 2023 was March, with a trading range of 4.7665 MNT (High: 115.2256 / Low: 110.4590). On the other end, May was the most stable month, with a tight range of 0.9286 MNT (High: 115.0891 / Low: 114.1606).

March Spread (Volatile) ±4.7665

May Spread (Stable) ±0.9286

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 4.1199 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -4.1199

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2023: 115.1538) against the same month in 2022 (average: 102.4707), the exchange rate shifted by +12.6831 (+12.38%).

2023 Avg (April) 115.1538

2022 Avg (April) 102.4707

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	113.3916	110.8537	112.1068
February	114.6586	111.0448	112.5451
March	115.2256	110.4590	111.6338
April	115.7551	114.3992	115.1538
May	115.0891	114.1606	114.6164
June	115.0045	112.9285	114.2047
July	114.0884	109.7161	112.5508
August	109.1772	107.8398	108.4309
September	108.2363	106.9894	107.7328
October	107.6863	106.2225	106.8685
November	110.2483	106.5084	108.1825
December	112.4381	109.4161	110.5368