2024 FKP to MNT Historical Review

YEARLY HIGH

4562.4456 MNT

YEARLY LOW

4246.5498 MNT

YEARLY AVERAGE

4379.4908 MNT

2024 FKP to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the FKP to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on September 24, valuing the pair at 4562.4456. Conversely, the yearly low was recorded on December 19, dropping to 4246.5498.

This high-to-low spread represents a total annual volatility of 315.8958 MNT. From a start-to-finish perspective, comparing the January average rate of 4384.3205 to the December average rate of 4293.1861, the exchange rate registered a net change of -2.08% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 4562.4456 was down 1.24% compared to the 2023 peak of 4619.8685, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 22,812,228 MNT

2023 Average 21,535,870 MNT

Yearly Trough Low 21,232,749 MNT

Transaction Impact: A difference of 1,579,478.93 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

4512.2618

4273.2702

JanuMarcMayJulySeptNove

FKP 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 4364.2567, compared to 4394.7250 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 30.4684 points.

H1 Avg (Jan–Jun) 4364.2567

H2 Avg (Jul–Dec) 4394.7250

Volatility Range Comparison

Volatility

The most volatile month in 2024 was August, with a trading range of 194.6746 MNT (High: 4504.1283 / Low: 4309.4538). On the other end, January was the most stable month, with a tight range of 53.8728 MNT (High: 4408.8612 / Low: 4354.9884).

August Spread (Volatile) ±194.6746

January Spread (Stable) ±53.8728

Growth Streaks & Declines

Trends

Between April and July, 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 100.7448 points.

Longest Streak 3 Mo.

Sharpest MoM Drop -100.7448

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (September 2024: 4492.3458) against the same month in 2023 (average: 4273.6652), the exchange rate shifted by +218.6807 (+5.12%).

2024 Avg (September) 4492.3458

2023 Avg (September) 4273.6652

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	4408.8612	4354.9884	4384.3205
February	4397.4645	4324.1211	4357.7935
March	4436.0096	4346.1555	4384.1498
April	4373.6214	4260.6795	4315.9162
May	4406.1415	4310.1510	4359.5875
June	4419.4337	4354.2353	4383.7725
July	4488.1026	4362.2490	4418.5260
August	4504.1283	4309.4538	4399.3337
September	4562.4456	4430.3632	4492.3458
October	4510.5376	4382.5878	4432.8516
November	4431.9581	4257.6918	4332.1069
December	4342.6419	4246.5498	4293.1861