2020 CVE to MNT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2020.
2020 CVE to MNT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2020
During 2020, the CVE to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on December 30, valuing the pair at 31.7372. Conversely, the yearly low was recorded on March 18, dropping to 10.7077.
This high-to-low spread represents a total annual volatility of 21.0295 MNT. From a start-to-finish perspective, comparing the January average rate of 27.1237 to the December average rate of 31.3812, the exchange rate registered a net change of 15.70% (reflecting a strengthening trend).
Looking at year-over-year peak valuations, the 2020 high of 31.7372 was up 15.93% compared to the 2019 peak of 27.3750, 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 2020.
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 27.4488, compared to 30.3987 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 2.9500 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2020 was March, with a trading range of 17.6450 MNT (High: 28.3527 / Low: 10.7077). On the other end, April was the most stable month, with a tight range of 0.4531 MNT (High: 27.5629 / Low: 27.1099).
Growth Streaks & Declines
TrendsBetween March and August, 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 September and October, when the average rate fell by 0.1863 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (December 2020: 31.3812) against the same month in 2019 (average: 27.0356), the exchange rate shifted by +4.3456 (+16.07%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 27.3704 | 26.8873 | 27.1237 |
| February | 27.3282 | 26.8688 | 27.0767 |
| March | 28.3527 | 10.7077 | 26.9871 |
| April | 27.5629 | 27.1099 | 27.3282 |
| May | 28.1810 | 27.1367 | 27.5738 |
| June | 28.8827 | 28.2013 | 28.6029 |
| July | 30.3380 | 28.3432 | 29.2871 |
| August | 30.7841 | 30.1609 | 30.5110 |
| September | 30.9000 | 30.0112 | 30.4787 |
| October | 30.5435 | 30.0214 | 30.2924 |
| November | 30.9467 | 30.0207 | 30.4420 |
| December | 31.7372 | 31.0223 | 31.3812 |