2024 INR to MNT Historical Review

YEARLY HIGH

41.7054 MNT

YEARLY LOW

39.6099 MNT

YEARLY AVERAGE

40.9590 MNT

2024 INR to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the INR to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on March 7, valuing the pair at 41.7054. Conversely, the yearly low was recorded on December 30, dropping to 39.6099.

This high-to-low spread represents a total annual volatility of 2.0956 MNT. From a start-to-finish perspective, comparing the January average rate of 41.5122 to the December average rate of 39.9744, the exchange rate registered a net change of -3.70% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 41.7054 was down 3.20% compared to the 2023 peak of 43.0823, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 250,000 INR based on timing:

Yearly Peak High 10,426,357 MNT

2023 Average 10,482,697 MNT

Yearly Trough Low 9,902,463 MNT

Transaction Impact: A difference of 523,893.74 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

41.7414

39.8138

JanuMarcMayJulySeptNove

INR 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 41.4503, compared to 40.4677 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.9826 points.

H1 Avg (Jan–Jun) 41.4503

H2 Avg (Jul–Dec) 40.4677

Volatility Range Comparison

Volatility

The most volatile month in 2024 was July, with a trading range of 0.7847 MNT (High: 41.3463 / Low: 40.5616). On the other end, February was the most stable month, with a tight range of 0.1095 MNT (High: 41.6404 / Low: 41.5309).

July Spread (Volatile) ±0.7847

February Spread (Stable) ±0.1095

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 0.5575 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.5575

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (March 2024: 41.5368) against the same month in 2023 (average: 41.4721), the exchange rate shifted by +0.0647 (+0.16%).

2024 Avg (March) 41.5368

2023 Avg (March) 41.4721

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	41.6367	41.4075	41.5122
February	41.6404	41.5309	41.5808
March	41.7054	41.2664	41.5368
April	41.4541	41.2345	41.3589
May	41.5400	41.2943	41.3870
June	41.5171	41.2302	41.3262
July	41.3463	40.5616	41.0658
August	40.5801	40.4510	40.5083
September	40.7037	40.4557	40.5486
October	40.5113	40.3948	40.4306
November	40.4110	40.1838	40.2784
December	40.1810	39.6099	39.9744