2024 ARS to MNT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 ARS to MNT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the ARS to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 4.2607. Conversely, the yearly low was recorded on December 30, dropping to 3.2959.
This high-to-low spread represents a total annual volatility of 0.9648 MNT. From a start-to-finish perspective, comparing the January average rate of 4.2194 to the December average rate of 3.3319, the exchange rate registered a net change of -21.03% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 4.2607 was down 77.90% compared to the 2023 peak of 19.2780, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 ARS based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
ARS to MNT Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 4.0171, compared to 3.5130 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5041 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 0.1320 MNT (High: 3.7770 / Low: 3.6450). On the other end, September was the most stable month, with a tight range of 0.0585 MNT (High: 3.5664 / Low: 3.5080).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.1114 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 4.2194) against the same month in 2023 (average: 18.7199), the exchange rate shifted by -14.5006 (-77.46%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 4.2607 | 4.1749 | 4.2194 |
| February | 4.1738 | 4.0958 | 4.1362 |
| March | 4.0976 | 4.0222 | 4.0564 |
| April | 4.0233 | 3.9334 | 3.9757 |
| May | 3.9527 | 3.8585 | 3.8964 |
| June | 3.8581 | 3.7870 | 3.8184 |
| July | 3.7770 | 3.6450 | 3.7240 |
| August | 3.6763 | 3.5707 | 3.6127 |
| September | 3.5664 | 3.5080 | 3.5386 |
| October | 3.5040 | 3.4313 | 3.4700 |
| November | 3.4443 | 3.3633 | 3.4005 |
| December | 3.3601 | 3.2959 | 3.3319 |