2024 HUF to MNT Historical Review
A comprehensive breakdown of exchange rate performance throughout the year 2024.
2024 HUF to MNT Performance & Market Timing Review
Analysis of key historical highlights and timing insights for 2024
During 2024, the HUF to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on January 10, valuing the pair at 10.0067. Conversely, the yearly low was recorded on December 19, dropping to 8.4918.
This high-to-low spread represents a total annual volatility of 1.5149 MNT. From a start-to-finish perspective, comparing the January average rate of 9.8525 to the December average rate of 8.6371, the exchange rate registered a net change of -12.34% (reflecting a weakening trend).
Looking at year-over-year peak valuations, the 2024 high of 10.0067 was down 5.39% compared to the 2023 peak of 10.5763, indicating shifts in long-term support levels.
Comparing the value generated converting 1,000,000 HUF based on timing:
Trend Visualization
Monthly average fluctuations over the course of 2024.
HUF to MNT Seasonal Trends & Volatility Analysis
A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.
Seasonal Halves (H1 vs H2)
SeasonalThe average exchange rate in the first half of the year (H1: Jan–Jun) was 9.5677, compared to 9.2031 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.3646 points.
Volatility Range Comparison
VolatilityThe most volatile month in 2024 was November, with a trading range of 0.4888 MNT (High: 9.0914 / Low: 8.6025). On the other end, March was the most stable month, with a tight range of 0.2063 MNT (High: 9.5833 / Low: 9.3770).
Growth Streaks & Declines
TrendsNo sustained consecutive month-over-month growth streak of 2+ months occurred in 2024. Conversely, the sharpest month-over-month decline occurred between October and November, when the average rate fell by 0.3909 points.
Same-Month Historical Baseline
YoY BaselineComparing the current year's strongest month average (January 2024: 9.8525) against the same month in 2023 (average: 9.3100), the exchange rate shifted by +0.5425 (+5.83%).
Monthly Breakdown
Statistical summary for each calendar month.
| Month | High | Low | Average |
|---|---|---|---|
| January | 10.0067 | 9.6039 | 9.8525 |
| February | 9.7984 | 9.4908 | 9.5983 |
| March | 9.5833 | 9.3770 | 9.4923 |
| April | 9.6116 | 9.2707 | 9.4197 |
| May | 9.7525 | 9.4702 | 9.6306 |
| June | 9.6391 | 9.2724 | 9.4126 |
| July | 9.6550 | 9.2993 | 9.4949 |
| August | 9.6644 | 9.2500 | 9.4895 |
| September | 9.6490 | 9.4327 | 9.5623 |
| October | 9.4471 | 9.0471 | 9.2128 |
| November | 9.0914 | 8.6025 | 8.8219 |
| December | 8.7365 | 8.4918 | 8.6371 |