2024 CNY to MNT Historical Review

YEARLY HIGH

487.8187 MNT

YEARLY LOW

465.5368 MNT

YEARLY AVERAGE

477.4946 MNT

2024 CNY to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CNY to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on May 5, valuing the pair at 487.8187. Conversely, the yearly low was recorded on December 30, dropping to 465.5368.

This high-to-low spread represents a total annual volatility of 22.2818 MNT. From a start-to-finish perspective, comparing the January average rate of 485.1965 to the December average rate of 466.6636, the exchange rate registered a net change of -3.82% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 487.8187 was down 4.78% compared to the 2023 peak of 512.3166, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 25,000 CNY based on timing:

Yearly Peak High 12,195,467 MNT

2023 Average 12,241,725 MNT

Yearly Trough Low 11,638,421 MNT

Transaction Impact: A difference of 557,045.65 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

487.0498

464.8104

JanuMarcMayJulySeptNove

CNY 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 480.5690, compared to 474.4201 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 6.1489 points.

H1 Avg (Jan–Jun) 480.5690

H2 Avg (Jul–Dec) 474.4201

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 16.2147 MNT (High: 483.2745 / Low: 467.0598). On the other end, December was the most stable month, with a tight range of 3.6900 MNT (High: 469.2268 / Low: 465.5368).

July Spread (Volatile) ±16.2147

December Spread (Stable) ±3.6900

Growth Streaks & Declines

Trends

Between July and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 7.7264 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -7.7264

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (May 2024: 481.4298) against the same month in 2023 (average: 503.5872), the exchange rate shifted by -22.1575 (-4.40%).

2024 Avg (May) 481.4298

2023 Avg (May) 503.5872

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	487.3845	479.5863	485.1965
February	485.8471	479.2732	482.0049
March	483.7127	477.2378	479.3836
April	486.4979	476.1510	477.2893
May	487.8187	476.3285	481.4298
June	486.1277	474.6705	478.1103
July	483.2745	467.0598	473.1175
August	479.0571	469.0908	475.5095
September	484.7361	477.1266	480.3380
October	484.1490	476.5043	479.3092
November	478.6725	468.8707	471.5828
December	469.2268	465.5368	466.6636