2024 CVE to MNT Historical Review

YEARLY HIGH

34.5594 MNT

YEARLY LOW

31.9846 MNT

YEARLY AVERAGE

33.6023 MNT

2024 CVE to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the CVE to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 34.5594. Conversely, the yearly low was recorded on December 20, dropping to 31.9846.

This high-to-low spread represents a total annual volatility of 2.5749 MNT. From a start-to-finish perspective, comparing the January average rate of 34.1125 to the December average rate of 32.2895, the exchange rate registered a net change of -5.34% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 34.5594 was down 3.78% compared to the 2023 peak of 35.9175, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 172,797 MNT

2023 Average 169,616 MNT

Yearly Trough Low 159,923 MNT

Transaction Impact: A difference of 12,874.47 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

34.3808

32.0993

JanuMarcMayJulySeptNove

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)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 33.8024, compared to 33.4023 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.4001 points.

H1 Avg (Jan–Jun) 33.8024

H2 Avg (Jul–Dec) 33.4023

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 1.4853 MNT (High: 33.5659 / Low: 32.0807). On the other end, February was the most stable month, with a tight range of 0.4354 MNT (High: 33.9186 / Low: 33.4832).

November Spread (Volatile) ±1.4853

February Spread (Stable) ±0.4354

Growth Streaks & Declines

Trends

Between 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 October and November, when the average rate fell by 0.7930 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -0.7930

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 34.1125) against the same month in 2023 (average: 33.2468), the exchange rate shifted by +0.8657 (+2.60%).

2024 Avg (January) 34.1125

2023 Avg (January) 33.2468

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	34.5594	33.8646	34.1125
February	33.9186	33.4832	33.7332
March	34.2466	33.6750	33.9729
April	33.9837	33.2130	33.5856
May	34.0901	33.2931	33.7706
June	34.0558	33.3494	33.6394
July	34.2017	33.3135	33.7595
August	34.4936	33.1351	33.8735
September	34.4423	33.9553	34.1907
October	34.1554	33.1987	33.5468
November	33.5659	32.0807	32.7538
December	32.6174	31.9846	32.2895