2015 CDF to MNT Historical Review

YEARLY HIGH

2.1740 MNT

YEARLY LOW

2.0105 MNT

YEARLY AVERAGE

2.1229 MNT

2015 CDF to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2015

During 2015, the CDF to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on December 14, valuing the pair at 2.1740. Conversely, the yearly low was recorded on June 14, dropping to 2.0105.

This high-to-low spread represents a total annual volatility of 0.1636 MNT. From a start-to-finish perspective, comparing the January average rate of 2.0734 to the December average rate of 2.1504, the exchange rate registered a net change of 3.71% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2015 high of 2.1740 was up 6.32% compared to the 2014 peak of 2.0449, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 10,870 MNT

2014 Average 9,789 MNT

Yearly Trough Low 10,052 MNT

Transaction Impact: A difference of 817.92 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2015.

2.1603

2.0405

JanuMarcMayJulySeptNove

CDF 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 2.1013, compared to 2.1446 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0433 points.

H1 Avg (Jan–Jun) 2.1013

H2 Avg (Jul–Dec) 2.1446

Volatility Range Comparison

Volatility

The most volatile month in 2015 was June, with a trading range of 0.0984 MNT (High: 2.1088 / Low: 2.0105). On the other end, September was the most stable month, with a tight range of 0.0141 MNT (High: 2.1542 / Low: 2.1401).

June Spread (Volatile) ±0.0984

September Spread (Stable) ±0.0141

Growth Streaks & Declines

Trends

Between June and October, 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 May and June, when the average rate fell by 0.0473 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0473

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (December 2015: 2.1504) against the same month in 2014 (average: 2.0294), the exchange rate shifted by +0.1210 (+5.96%).

2015 Avg (December) 2.1504

2014 Avg (December) 2.0294

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1039	2.0305	2.0734
February	2.1438	2.0871	2.1145
March	2.1609	2.1211	2.1408
April	2.1487	2.1103	2.1308
May	2.1184	2.0647	2.0977
June	2.1088	2.0105	2.0505
July	2.1477	2.1087	2.1287
August	2.1612	2.1386	2.1462
September	2.1542	2.1401	2.1463
October	2.1588	2.1417	2.1490
November	2.1583	2.1414	2.1469
December	2.1740	2.1430	2.1504