2024 BGN to MNT Historical Review

YEARLY HIGH

1947.3614 MNT

YEARLY LOW

1800.9233 MNT

YEARLY AVERAGE

1896.0487 MNT

2024 BGN to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BGN to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 1947.3614. Conversely, the yearly low was recorded on December 19, dropping to 1800.9233.

This high-to-low spread represents a total annual volatility of 146.4382 MNT. From a start-to-finish perspective, comparing the January average rate of 1924.2475 to the December average rate of 1819.6613, the exchange rate registered a net change of -5.44% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1947.3614 was down 3.77% compared to the 2023 peak of 2023.6955, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 9,736,807 MNT

2023 Average 9,576,886 MNT

Yearly Trough Low 9,004,616 MNT

Transaction Impact: A difference of 732,190.79 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1941.0490

1808.6260

JanuMarcMayJulySeptNove

BGN 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 1907.1928, compared to 1884.9046 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 22.2882 points.

H1 Avg (Jan–Jun) 1907.1928

H2 Avg (Jul–Dec) 1884.9046

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 88.5428 MNT (High: 1898.1650 / Low: 1809.6222). On the other end, February was the most stable month, with a tight range of 27.5165 MNT (High: 1918.1202 / Low: 1890.6036).

November Spread (Volatile) ±88.5428

February Spread (Stable) ±27.5165

Growth Streaks & Declines

Trends

Between June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 46.7088 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -46.7088

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1924.2475) against the same month in 2023 (average: 1878.5050), the exchange rate shifted by +45.7424 (+2.44%).

2024 Avg (January) 1924.2475

2023 Avg (January) 1878.5050

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1947.3614	1909.3602	1924.2475
February	1918.1202	1890.6036	1903.8962
March	1931.2854	1903.0293	1917.5081
April	1917.5264	1873.8797	1891.7131
May	1921.1911	1882.2148	1907.2583
June	1922.7608	1884.0825	1898.5338
July	1928.0066	1878.9052	1905.0014
August	1945.9353	1874.5311	1915.2027
September	1942.8856	1913.1192	1930.0138
October	1923.1313	1872.2795	1893.1285
November	1898.1650	1809.6222	1846.4198
December	1839.1377	1800.9233	1819.6613