2024 CAD to MNT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 CAD to MNT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the CAD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 2604.8824. Conversely, the yearly low was recorded on December 18, dropping to 2349.5652.
This high-to-low spread represents a total annual volatility of 255.3171 MNT. From a start-to-finish perspective, comparing the January average rate of 2571.2226 to the December average rate of 2382.8001, the exchange rate registered a net change of -7.33% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 2604.8824 was down 2.93% compared to the 2023 peak of 2683.6067, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CAD based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
CAD 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 2539.8347, compared to 2463.4260 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 76.4087 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was July, with a trading range of 81.7030 MNT (High: 2533.8861 / Low: 2452.1832). On the other end, May was the most stable month, with a tight range of 25.0357 MNT (High: 2537.1210 / Low: 2512.0853).
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 November and December, when the average rate fell by 47.3525 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 2571.2226) against the same month in 2023 (average: 2538.7714), the exchange rate shifted by +32.4512 (+1.28%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 2604.8824 | 2550.6526 | 2571.2226 |
| February | 2577.5699 | 2540.9049 | 2556.5809 |
| March | 2564.3999 | 2532.0172 | 2547.8649 |
| April | 2550.9280 | 2496.1111 | 2521.9111 |
| May | 2537.1210 | 2512.0853 | 2524.2285 |
| June | 2533.1215 | 2504.0827 | 2517.2003 |
| July | 2533.8861 | 2452.1832 | 2503.3829 |
| August | 2526.8055 | 2447.6877 | 2486.5339 |
| September | 2531.8814 | 2496.6386 | 2508.0879 |
| October | 2518.0629 | 2438.4520 | 2469.5990 |
| November | 2456.1234 | 2409.6727 | 2430.1526 |
| December | 2424.7873 | 2349.5652 | 2382.8001 |