2024 GNF to MNT Historical Review

YEARLY HIGH

0.4032 MNT

YEARLY LOW

0.3917 MNT

YEARLY AVERAGE

0.3979 MNT

2024 GNF to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the GNF to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on March 23, valuing the pair at 0.4032. Conversely, the yearly low was recorded on October 2, dropping to 0.3917.

This high-to-low spread represents a total annual volatility of 0.0115 MNT. From a start-to-finish perspective, comparing the January average rate of 0.4014 to the December average rate of 0.3937, the exchange rate registered a net change of -1.91% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 0.4032 was down 2.52% compared to the 2023 peak of 0.4136, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 2,016 MNT

2023 Average 2,009 MNT

Yearly Trough Low 1,958 MNT

Transaction Impact: A difference of 57.57 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

0.4024

0.3924

JanuMarcMayJulySeptNove

GNF 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 0.4013, compared to 0.3946 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.0068 points.

H1 Avg (Jan–Jun) 0.4013

H2 Avg (Jul–Dec) 0.3946

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.0079 MNT (High: 0.4020 / Low: 0.3941). On the other end, September was the most stable month, with a tight range of 0.0013 MNT (High: 0.3939 / Low: 0.3926).

July Spread (Volatile) ±0.0079

September Spread (Stable) ±0.0013

Growth Streaks & Declines

Trends

Between February and April, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 2 straight months. Conversely, the sharpest month-over-month decline occurred between July and August, when the average rate fell by 0.0045 points.

Longest Streak 2 Mo.

Sharpest MoM Drop -0.0045

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 0.4015) against the same month in 2023 (average: 0.3949), the exchange rate shifted by +0.0066 (+1.66%).

2024 Avg (March) 0.4015

2023 Avg (March) 0.3949

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.4025	0.4001	0.4014
February	0.4017	0.3985	0.4010
March	0.4032	0.4003	0.4015
April	0.4027	0.4003	0.4016
May	0.4031	0.4006	0.4015
June	0.4017	0.3987	0.4010
July	0.4020	0.3941	0.3988
August	0.3971	0.3932	0.3943
September	0.3939	0.3926	0.3933
October	0.3942	0.3917	0.3934
November	0.3951	0.3920	0.3939
December	0.3949	0.3927	0.3937