2024 AFN to MNT Historical Review

YEARLY HIGH

52.2050 MNT

YEARLY LOW

45.8452 MNT

YEARLY AVERAGE

48.6291 MNT

2024 AFN to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the AFN to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on October 17, valuing the pair at 52.2050. Conversely, the yearly low was recorded on February 3, dropping to 45.8452.

This high-to-low spread represents a total annual volatility of 6.3598 MNT. From a start-to-finish perspective, comparing the January average rate of 48.2419 to the December average rate of 48.9556, the exchange rate registered a net change of 1.48% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2024 high of 52.2050 was up 3.99% compared to the 2023 peak of 50.2029, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 261,025 MNT

2023 Average 210,816 MNT

Yearly Trough Low 229,226 MNT

Transaction Impact: A difference of 31,799.04 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

51.0157

46.8040

JanuMarcMayJulySeptNove

AFN 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 48.0517, compared to 49.2065 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 1.1548 points.

H1 Avg (Jan–Jun) 48.0517

H2 Avg (Jul–Dec) 49.2065

Volatility Range Comparison

Volatility

The most volatile month in 2024 was January, with a trading range of 2.9100 MNT (High: 49.3252 / Low: 46.4151). On the other end, April was the most stable month, with a tight range of 0.7811 MNT (High: 48.4939 / Low: 47.7128).

January Spread (Volatile) ±2.9100

April Spread (Stable) ±0.7811

Growth Streaks & Declines

Trends

Between February and June, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 1.2536 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -1.2536

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (October 2024: 50.6647) against the same month in 2023 (average: 45.6853), the exchange rate shifted by +4.9794 (+10.90%).

2024 Avg (October) 50.6647

2023 Avg (October) 45.6853

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	49.3252	46.4151	48.2419
February	47.7892	45.8452	47.1550
March	48.6092	47.2603	47.7978
April	48.4939	47.7128	48.0608
May	48.9362	47.7008	48.1371
June	49.4439	48.0852	48.9174
July	49.1785	47.8666	48.5181
August	48.5429	47.7456	47.9960
September	49.9706	47.8592	48.8952
October	52.2050	49.3893	50.6647
November	50.8392	49.7182	50.2091
December	50.3407	48.2096	48.9556