2024 JMD to MNT Historical Review

YEARLY HIGH

22.5633 MNT

YEARLY LOW

21.2978 MNT

YEARLY AVERAGE

21.9178 MNT

2024 JMD to MNT Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2024

During 2024, the JMD to MNT exchange rate experienced significant fluctuation. The market reached its absolute peak on April 3, valuing the pair at 22.5633. Conversely, the yearly low was recorded on November 10, dropping to 21.2978.

This high-to-low spread represents a total annual volatility of 1.2655 MNT. From a start-to-finish perspective, comparing the January average rate of 22.2485 to the December average rate of 21.7240, the exchange rate registered a net change of -2.36% (reflecting a weakening trend).

Looking at year-over-year peak valuations, the 2024 high of 22.5633 was down 3.50% compared to the 2023 peak of 23.3821, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

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

Yearly Peak High 112,817 MNT

2023 Average 112,364 MNT

Yearly Trough Low 106,489 MNT

Transaction Impact: A difference of 6,327.42 MNT purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2024.

22.4083

21.3518

JanuMarcMayJulySeptNove

JMD 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 22.1860, compared to 21.6496 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the first half (Jan–Jun) by a margin of 0.5364 points.

H1 Avg (Jan–Jun) 22.1860

H2 Avg (Jul–Dec) 21.6496

Volatility Range Comparison

Volatility

The most volatile month in 2024 was April, with a trading range of 0.5175 MNT (High: 22.5633 / Low: 22.0458). On the other end, October was the most stable month, with a tight range of 0.2198 MNT (High: 21.6039 / Low: 21.3842).

April Spread (Volatile) ±0.5175

October Spread (Stable) ±0.2198

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 0.2694 points.

Longest Streak 1 Mo.

Sharpest MoM Drop -0.2694

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (April 2024: 22.2472) against the same month in 2023 (average: 23.1307), the exchange rate shifted by -0.8834 (-3.82%).

2024 Avg (April) 22.2472

2023 Avg (April) 23.1307

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	22.4173	22.1293	22.2485
February	22.2179	21.9140	22.0614
March	22.5228	22.1266	22.3203
April	22.5633	22.0458	22.2472
May	22.2239	21.9834	22.0761
June	22.2797	22.0478	22.1626
July	22.1726	21.7046	21.9566
August	21.9165	21.5543	21.6872
September	21.8628	21.5256	21.6349
October	21.6039	21.3842	21.4550
November	21.6076	21.2978	21.4399
December	21.8443	21.5715	21.7240