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2024 EUR to MNT Historical Review

A comprehensive breakdown of exchange rate performance throughout the year 2024.

YEARLY HIGH
3807.6360 MNT
YEARLY LOW
3516.9248 MNT
YEARLY AVERAGE
3708.5400 MNT

2024 EUR to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the EUR to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 1, valuing the pair at 3807.6360. Conversely, the yearly low was recorded on December 31, dropping to 3516.9248.

This high-to-low spread represents a total annual volatility of 290.7112 MNT. From a start-to-finish perspective, comparing the January average rate of 3764.0619 to the December average rate of 3558.4527, the exchange rate registered a net change of -5.46% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 3807.6360 was down 3.76% compared to the 2023 peak of 3956.6000, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 19,038,180 MNT
2023 Average 18,738,043 MNT
Yearly Trough Low 17,584,624 MNT
Transaction Impact: A difference of 1,453,556.04 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

3796.9761
3536.7687
JanuMarcMayJulySeptNove

EUR 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 3730.2208, compared to 3686.8591 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 43.3616 points.

H1 Avg (Jan–Jun) 3730.2208
H2 Avg (Jul–Dec) 3686.8591

Volatility Range Comparison

Volatility

The most volatile month in 2024 was November, with a trading range of 175.3419 MNT (High: 3715.3788 / Low: 3540.0369). On the other end, March was the most stable month, with a tight range of 55.8272 MNT (High: 3778.7390 / Low: 3722.9118).

November Spread (Volatile) ±175.3419
March Spread (Stable) ±55.8272

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 91.2262 points.

Longest Streak 3 Mo.
Sharpest MoM Drop -91.2262

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (January 2024: 3764.0619) against the same month in 2023 (average: 3675.4198), the exchange rate shifted by +88.6421 (+2.41%).

2024 Avg (January) 3764.0619
2023 Avg (January) 3675.4198

Monthly Breakdown

Statistical summary for each calendar month.

Month High Low Average
January 3807.6360 3727.5375 3764.0619
February 3751.6597 3694.4309 3724.1415
March 3778.7390 3722.9118 3750.5466
April 3747.4420 3664.2759 3698.9845
May 3756.4799 3697.6660 3730.6647
June 3763.0028 3684.7046 3712.9255
July 3774.4725 3675.4883 3726.6043
August 3806.6431 3665.2518 3746.1111
September 3802.7367 3741.3060 3775.2921
October 3759.7021 3663.2051 3702.9604
November 3715.3788 3540.0369 3611.7343
December 3597.2822 3516.9248 3558.4527

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