2024 ETB to MNT Historical Review

YEARLY HIGH

61.7269 MNT

YEARLY LOW

26.5626 MNT

YEARLY AVERAGE

47.3700 MNT

2024 ETB to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the ETB to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 7, valuing the pair at 61.7269. Conversely, the yearly low was recorded on December 31, dropping to 26.5626.

This high-to-low spread represents a total annual volatility of 35.1643 MNT. From a start-to-finish perspective, comparing the January average rate of 61.1439 to the December average rate of 26.8331, the exchange rate registered a net change of -56.11% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 61.7269 was down 6.00% compared to the 2023 peak of 65.6636, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 308,634 MNT

2023 Average 316,255 MNT

Yearly Trough Low 132,813 MNT

Transaction Impact: A difference of 175,821.25 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

64.5750

23.4020

JanuMarcMayJulySeptNove

ETB 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 60.6148, compared to 34.1252 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 26.4895 points.

H1 Avg (Jan–Jun) 60.6148

H2 Avg (Jul–Dec) 34.1252

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 15.1717 MNT (High: 60.2230 / Low: 45.0514). On the other end, May was the most stable month, with a tight range of 0.6347 MNT (High: 60.5617 / Low: 59.9271).

July Spread (Volatile) ±15.1717

May Spread (Stable) ±0.6347

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 July and August, when the average rate fell by 25.6323 points.

Longest Streak 0 Mo.

Sharpest MoM Drop -25.6323

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 61.1439) against the same month in 2023 (average: 63.5196), the exchange rate shifted by -2.3757 (-3.74%).

2024 Avg (January) 61.1439

2023 Avg (January) 63.5196

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	61.7269	60.9114	61.1439
February	61.3135	60.3905	60.9281
March	61.2470	60.5917	60.8123
April	60.9480	59.9669	60.6293
May	60.5617	59.9271	60.1789
June	60.4652	59.7000	59.9960
July	60.2230	45.0514	59.0765
August	43.1145	30.1389	33.4442
September	30.7652	28.3508	29.4467
October	28.7079	27.8565	28.2315
November	28.3288	26.8707	27.7194
December	27.3684	26.5626	26.8331