2024 BIF to MNT Historical Review

YEARLY HIGH

1.2142 MNT

YEARLY LOW

1.1472 MNT

YEARLY AVERAGE

1.1883 MNT

2024 BIF to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the BIF to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 1.2142. Conversely, the yearly low was recorded on November 16, dropping to 1.1472.

This high-to-low spread represents a total annual volatility of 0.0670 MNT. From a start-to-finish perspective, comparing the January average rate of 1.2091 to the December average rate of 1.1528, the exchange rate registered a net change of -4.66% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 1.2142 was down 28.88% compared to the 2023 peak of 1.7073, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 6,071 MNT

2023 Average 6,946 MNT

Yearly Trough Low 5,736 MNT

Transaction Impact: A difference of 335.21 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

1.2147

1.1472

JanuMarcMayJulySeptNove

BIF 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 1.2045, compared to 1.1720 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0325 points.

H1 Avg (Jan–Jun) 1.2045

H2 Avg (Jul–Dec) 1.1720

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 0.0266 MNT (High: 1.1737 / Low: 1.1472). On the other end, April was the most stable month, with a tight range of 0.0070 MNT (High: 1.2074 / Low: 1.2004).

November Spread (Volatile) ±0.0266

April Spread (Stable) ±0.0070

Growth Streaks & Declines

Trends

No 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 0.0130 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -0.0130

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 1.2091) against the same month in 2023 (average: 1.6467), the exchange rate shifted by -0.4377 (-26.58%).

2024 Avg (January) 1.2091

2023 Avg (January) 1.6467

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	1.2142	1.2063	1.2091
February	1.2101	1.2005	1.2064
March	1.2112	1.2027	1.2060
April	1.2074	1.2004	1.2040
May	1.2070	1.1995	1.2021
June	1.2032	1.1909	1.1994
July	1.2020	1.1783	1.1926
August	1.1881	1.1744	1.1796
September	1.1793	1.1710	1.1742
October	1.1748	1.1516	1.1697
November	1.1737	1.1472	1.1633
December	1.1737	1.1477	1.1528