2016 CDF to MNT Historical Review

YEARLY HIGH

2.6340 MNT

YEARLY LOW

2.0152 MNT

YEARLY AVERAGE

2.2132 MNT

2016 CDF to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2016

During 2016, the CDF to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on November 17, valuing the pair at 2.6340. Conversely, the yearly low was recorded on June 25, dropping to 2.0152.

This high-to-low spread represents a total annual volatility of 0.6188 MNT. From a start-to-finish perspective, comparing the January average rate of 2.1546 to the December average rate of 2.1266, the exchange rate registered a net change of -1.30% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2016 high of 2.6340 was up 21.16% compared to the 2015 peak of 2.1740, 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 13,170 MNT

2015 Average 10,615 MNT

Yearly Trough Low 10,076 MNT

Transaction Impact: A difference of 3,094.00 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2016.

2.4919

2.0571

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 2.1594, compared to 2.2670 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.1076 points.

H1 Avg (Jan–Jun) 2.1594

H2 Avg (Jul–Dec) 2.2670

Volatility Range Comparison

Volatility

The most volatile month in 2016 was November, with a trading range of 0.4933 MNT (High: 2.6340 / Low: 2.1407). On the other end, January was the most stable month, with a tight range of 0.0163 MNT (High: 2.1632 / Low: 2.1470).

November Spread (Volatile) ±0.4933

January Spread (Stable) ±0.0163

Growth Streaks & Declines

Trends

Between June and November, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 5 straight months. Conversely, the sharpest month-over-month decline occurred between November and December, when the average rate fell by 0.3291 points.

Longest Streak 5 Mo.

Sharpest MoM Drop -0.3291

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (November 2016: 2.4556) against the same month in 2015 (average: 2.1469), the exchange rate shifted by +0.3087 (+14.38%).

2016 Avg (November) 2.4556

2015 Avg (November) 2.1469

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	2.1632	2.1470	2.1546
February	2.1936	2.1605	2.1744
March	2.2102	2.1925	2.2034
April	2.2048	2.1273	2.1682
May	2.1778	2.1468	2.1629
June	2.1739	2.0152	2.0933
July	2.1604	2.0960	2.1220
August	2.3110	2.1181	2.2323
September	2.3289	2.2526	2.2916
October	2.4703	2.3204	2.3739
November	2.6340	2.1407	2.4556
December	2.1798	2.0795	2.1266