2017 CVE to MNT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2017.
2017 CVE to MNT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2017
During 2017, the CVE to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on September 20, valuing the pair at 26.7241. Conversely, the yearly low was recorded on April 16, dropping to 23.0556.
This high-to-low spread represents a total annual volatility of 3.6685 MNT. From a start-to-finish perspective, comparing the January average rate of 23.9033 to the December average rate of 26.0186, the exchange rate registered a net change of 8.85% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2017 high of 26.7241 was up 10.24% compared to the 2016 peak of 24.2420, indicating shifts in long-term support levels.
Comparing the value generated converting 5,000 CVE based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2017.
CVE 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 23.8164, compared to 25.9115 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.0950 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2017 was July, with a trading range of 1.9654 MNT (High: 26.0695 / Low: 24.1041). On the other end, December was the most stable month, with a tight range of 0.4199 MNT (High: 26.2786 / Low: 25.8587).
Growth Streaks & Declines
TrendsBetween June and September, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 3 straight months. Conversely, the sharpest month-over-month decline occurred between March and April, when the average rate fell by 0.3221 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (September 2017: 26.3452) against the same month in 2016 (average: 22.7457), the exchange rate shifted by +3.5995 (+15.83%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 24.1110 | 23.6049 | 23.9033 |
| February | 24.0137 | 23.5831 | 23.7778 |
| March | 24.1114 | 23.4728 | 23.7292 |
| April | 23.9025 | 23.0556 | 23.4071 |
| May | 24.4990 | 23.6329 | 24.0694 |
| June | 24.3188 | 23.7021 | 24.0119 |
| July | 26.0695 | 24.1041 | 24.9845 |
| August | 26.3958 | 25.8953 | 26.0625 |
| September | 26.7241 | 25.9879 | 26.3452 |
| October | 26.3002 | 25.6677 | 26.1046 |
| November | 26.3562 | 25.6768 | 25.9535 |
| December | 26.2786 | 25.8587 | 26.0186 |