2023 ZAR to MNT Historical Review

YEARLY HIGH

203.4570 MNT

YEARLY LOW

176.8025 MNT

YEARLY AVERAGE

187.8153 MNT

2023 ZAR to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the ZAR to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 12, valuing the pair at 203.4570. Conversely, the yearly low was recorded on October 5, dropping to 176.8025.

This high-to-low spread represents a total annual volatility of 26.6545 MNT. From a start-to-finish perspective, comparing the January average rate of 199.5226 to the December average rate of 185.5500, the exchange rate registered a net change of -7.00% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2023 high of 203.4570 was down 1.15% compared to the 2022 peak of 205.8155, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,172,848 MNT

2022 Average 9,547,578 MNT

Yearly Trough Low 8,840,124 MNT

Transaction Impact: A difference of 1,332,724.89 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

201.3462

179.4637

JanuMarcMayJulySeptNove

ZAR 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 190.3954, compared to 185.2353 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 5.1601 points.

H1 Avg (Jan–Jun) 190.3954

H2 Avg (Jul–Dec) 185.2353

Volatility Range Comparison

Volatility

The most volatile month in 2023 was July, with a trading range of 16.3888 MNT (High: 200.4573 / Low: 184.0684). On the other end, September was the most stable month, with a tight range of 4.5052 MNT (High: 184.0445 / Low: 179.5393).

July Spread (Volatile) ±16.3888

September Spread (Stable) ±4.5052

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 April and May, when the average rate fell by 9.3832 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -9.3832

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2023: 199.5226) against the same month in 2022 (average: 184.5667), the exchange rate shifted by +14.9560 (+8.10%).

2023 Avg (January) 199.5226

2022 Avg (January) 184.5667

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	203.4570	195.7565	199.5226
February	199.8712	184.9270	190.1492
March	197.7649	181.3805	186.7030
April	197.7649	190.1349	193.7395
May	192.3518	177.8800	184.3563
June	193.5494	179.3084	187.9019
July	200.4573	184.0684	192.8192
August	188.7474	179.8212	183.7062
September	184.0445	179.5393	181.9075
October	184.9840	176.8025	181.2873
November	189.6662	182.6841	186.1415
December	188.9319	180.8024	185.5500