2024 EGP to MNT Historical Review

YEARLY HIGH

112.2947 MNT

YEARLY LOW

66.5271 MNT

YEARLY AVERAGE

78.0105 MNT

2024 EGP to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EGP to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 112.2947. Conversely, the yearly low was recorded on December 23, dropping to 66.5271.

This high-to-low spread represents a total annual volatility of 45.7675 MNT. From a start-to-finish perspective, comparing the January average rate of 111.6892 to the December average rate of 67.2033, the exchange rate registered a net change of -39.83% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 112.2947 was down 18.54% compared to the 2023 peak of 137.8512, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 561,473 MNT

2023 Average 565,129 MNT

Yearly Trough Low 332,636 MNT

Transaction Impact: A difference of 228,837.67 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

116.1378

62.7547

JanuMarcMayJulySeptNove

EGP 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 86.5434, compared to 69.4776 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 17.0658 points.

H1 Avg (Jan–Jun) 86.5434

H2 Avg (Jul–Dec) 69.4776

Volatility Range Comparison

Volatility

The most volatile month in 2024 was March, with a trading range of 42.1448 MNT (High: 111.7695 / Low: 69.6247). On the other end, September was the most stable month, with a tight range of 0.6032 MNT (High: 70.3785 / Low: 69.7753).

March Spread (Volatile) ±42.1448

September Spread (Stable) ±0.6032

Growth Streaks & Declines

Trends

No sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between February and March, when the average rate fell by 33.1217 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -33.1217

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 111.6892) against the same month in 2023 (average: 119.5470), the exchange rate shifted by -7.8578 (-6.57%).

2024 Avg (January) 111.6892

2023 Avg (January) 119.5470

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	112.2947	111.1741	111.6892
February	111.9258	110.5836	111.6179
March	111.7695	69.6247	78.4961
April	73.1644	71.1239	72.1680
May	73.9766	71.9309	72.9722
June	73.2495	71.3065	72.3172
July	71.9786	69.9668	71.2685
August	69.9467	68.8180	69.4879
September	70.3785	69.7753	70.1389
October	70.4573	69.4172	69.9422
November	69.6934	68.3463	68.8251
December	68.3446	66.5271	67.2033